As a result of the acquisition of Aegon NL, a.s.r.'s employee participation was restructured in 2023, with a structure that remained in place until the end of 2024. This structure was as follows:

• A Central Works Council for a.s.r. (Centrale Ondernemingsraad a.s.r. - COR a.s.r.), in which six members of a.s.r.’s Works Council (Ondernemingsraad a.s.r. - OR a.s.r.) had a seat together with six members of Aegon’s Central Works Council (Centrale Ondernemingsraad Aegon - COR Aegon). The COR a.s.r. discussed issues with the Executive Board (EB) and Management Board (MB) that were relevant to the entire organisation.

• The nine subcommittees (Onderdeelcommissies - OCs) of the OR a.s.r., which continue to have the same set-up, namely Mortgages, Disability, Life and Funeral, Pensions, Non-life, Health, Digital & IT (D&IT ), Finance and Other business units. The OCs dealt with issues relating to their specific business units.

• Aegon's Works Councils (Ondernemingsraden - ORs), which are also represented on the COR a.s.r.; these are the Aegon NL, Knab, TKP and Aegon Cappital ORs. These ORs dealt with issues relating to their specific business units. The OR Mortgages  has been combined with the OC Mortgages as of January 2024.

• The Employee Council, comprising the 12 members of the COR a.s.r. and representatives of the OCs.

As integration progressed throughout the year, representatives of the Aegon OR's joined the a.s.r. OCs, thereby strengthening the co-operation within and between the employee participation bodies. The COR a.s.r. also became one team in 2024, despite the different backgrounds (former Aegon and former a.s.r.) of its Members.