Key Benefits:
Law of 30 January 1997 amending the Pensions and Savings Act Act (interpretation of the term 'Pension commitments')
We Beatrix, at the grace of God, Queen of the Netherlands, Princess of Orange-Nassau, etc. etc. etc.
All of them, who will see or hear these, saluut! do know:
In this regard, we have taken the view that it is desirable to make changes to the Pension and savings fund law in order to be able to give substance to the concept of a commitment to pension;
In this way, we, the Council of State, and with the mean consultations of the States-General, have been well-regarded and understood to be right and to be understood by the following:
Pension funds shall bring their statutes and regulations into compliance with this law within two years of the entry into force of this Act.
Article 2, ninth paragraph, of the Pension and savings fund law shall not apply to rights and obligations relating to periods situated before the entry into force of this Act.
This Act shall enter into force from the day following the date of issuance of the State Sheet where it is placed.
Burdens and orders that are in the State Sheet will be placed, and that all ministries, authorities, colleges and officials who so concern will keep their hands on the precise execution.
Given at The Hague, 30 January 1997
Beatrix
The Secretary of State for Social Affairs and Employment,
F. H. G. de Grave
Published the 13th of February 1997The Minister of Justice,
W. Sorgdrager
