On route to a new pension plan

As of July 1, 2023, new rules will apply to pensions. Because of these new government rules, your pension plan is going to change. The Senate and the House of Representatives have approved the Future Pensions Act which includes these pension rules. The new pension plan must take effect no later than January 1, 2028.

Unions and employer finalized agreements on the new pension scheme late last year. The unions represented the interests of the participants at the negotiating table. The pension fund, which is not itself in charge of the scheme, also assisted IFF and the employee associations with information and advice. 

Stay tuned!

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