Stichting Algemeen Pensioenfonds Stap (Stap) will administer the current pension scheme, starting October 1, 2025, as currently administered by IFF Pension Fund.

Last December, employer IFF and employee representatives finalized the agreements they made about the new pension scheme. The constituencies agreed to these arrangements. These agreements were laid down in the so-called transition plan.

​​​​​​​As of the end of December, the policy funding ratio is 134.4%. The funding ratio is the ratio of the pension fund's assets to its liabilities.

​​​​​​​As of the end of January, the policy funding ratio is 134.5%. The funding ratio is the ratio of the pension fund's assets to its liabilities.

​​​​​​​As of the end of February, the policy funding ratio is 134.4%. The funding ratio is the ratio of the pension fund's assets to its liabilities.

​​​​​​​As of the end of March, the policy funding ratio is 134.7%. The funding ratio is the ratio of the pension fund's assets to its liabilities.

​​​​​​​As of the end of April, the policy funding ratio is 134.6%. The funding ratio is the ratio of the pension fund's assets to its liabilities.

The board of your pension fund sets out to increase your pension in line with inflation each year. We base this on the rise in prices from October to October. This year, prices did not rise during this period, but fell slightly. Therefore, we will not be increasing pensions on 1 January 2024

New government rules mean your pension scheme is going to change. Based on the new rules, IFF, the Works Council and the trade unions (FNV and CNV) make agreements on the new pension scheme. A pensioners' association is being set up to represent the interests of pensioners in this process.

The introduction of the lump sum pension choice has been deferred again and will now take effect on 1 January 2025 at the earliest. Even that date is not yet certain, as both the Senate and the House of Representatives have yet to approve the bill.