Stichting Algemeen Pensioenfonds Stap (Stap) will administer the current pension scheme, as currently administered by IFF Pension Fund, with effect from 1 October 2025. We will also transfer the value of all pensions together to Stap on 1 October. This is called a collective value transfer. De Nederlandsche Bank (DNB) is monitoring the transfer. 
On 5 September, we received the statement of no objection from DNB. This means that DNB agrees with the collective transfer of the accrued value of all pensions from IFF Pension Fund to Stap. 

What does this mean for you?
For you, it means that your pension will remain with IFF Pension Fund until 1 October 2025. On 1 October, we will transfer the accrued value of all pensions together to the new administrator Stap. From 1 October, Stap will administer the existing pension scheme.  

You will continue to accrue or receive pension with Stap as you are used to.

IFF Pension Fund will eventually cease to exist
By transferring the value of all pensions to Stap, IFF Pension Fund will eventually cease to exist. Formally, this is called the pension fund going “into liquidation”. IFF Pensioenfonds then becomes IFF Pensioenfonds i.l. (in liquidation).

New rules for pensions
As of 1 July, 2023 new rules apply for pensions. As a result, all pension schemes in the Netherlands are changing. By 1 January 2028 at the latest, all pension schemes must comply with the new rules. Your pension scheme will also change. The aim is to switch to the new pension scheme as from 1 January 2027, as laid down in the transition plan. In the run-up to the transition to the new scheme, you will receive detailed information from Stap about what the new pension scheme means for you.