On Thursday, 6 November 2025, the Pension Fund for Hospitality and Catering received the transition approval from De Nederlandsche Bank (DNB). This approval is necessary to transfer the pensions to the new pension scheme. Over the next month and a half, we will work diligently to ensure our operations are fully in order and that we meet all the conditions for a careful transition.
Communication of the first calculation
If it is determined in December that we can transfer the pensions in a controlled and ethical manner, then the Pension Fund for Hospitality & Catering plans to switch to the new pension scheme from 1 January 2026. In total, the pension entitlements and pension payments of over 1.3 million participants will be converted. The next step is the board's decision to send out the transition communication, whereby all participants will receive an initial calculation (estimate) of their pension under the new scheme this month.
Hans Veltkamp, independent chairman at the Pension Fund for Hospitality & Catering, said: ‘It has been an intensive process where we, with the joint efforts of all those involved with the fund, have provided a lot of documentation and held discussions with De Nederlandsche Bank. I would like to thank those involved with the fund for the extensive work we have accomplished together and also express our great appreciation for the good cooperation with social partners. It was particularly intensive as we were one of the first applicants, and there was still much to be considered by the sector, by us, and by DNB as an elaboration of the laws and regulations. We are pleased to have reached this milestone now.’
Edwin Vlek, chairman of De Horecabond: “With this decision from DNB, we as social partners are taking a big step forward towards a sustainable pension for the future. Together, we ensure that working in hospitality continues to be rewarding. Today, tomorrow, and in the future. This is good news for all of us!”