The House of Representatives did not manage to deal with this new pension choice before the summer vacations. Pension funds have to properly inform their members about the new option 6 to 9 months before their pension starts. As a result, the January 1, 2024 date is no longer feasible. The new pension choice will now take effect on July 1, 2024. Or maybe even even later.
With the lump sum you can have part – maximum 10% – of your accrued pension capital paid out at once. You receive this money directly into your bank account, and you decide what to do with it. You can only choose a lump sum at the moment you retire. For more information go to our frequently asked questions.