FNV /AOb: 'Minister must support pension funds'
Minister Koolmees of Social Affairs must do everything in his power to prevent discounts on pensions. That is what FNV and AOb. 'The pension funds are richer than ever and the economy is doing well. Then discounts cannot be explained ', says FNV vice president Tuur Elzinga in a statement.
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The coverage ratio of the ABP pension fund, the fund for educational staff and other government employees, fell below ninety percent this month. As a result, it is increasingly likely that ABP will have to reduce pension accrual and pension benefits in 2020, in accordance with the applicable calculation rules.
ABP chairman of the board Corien Wortmann also finds this impossible to explain. 'Participants see that there is more money in cash than ever before, but that there is still a threat of a reduction in pensions. Together with other funds, social partners, government and politicians, we consult to find a solution for the long and shorter term, 'she said in a statement.
ABP chairman of the board Corien Wortmann: 'Participants see that there is more money in cash than ever before, but that there is still a threat of a reduction in pensions'
Calculation rules
According to FNV, new financial rules for pension funds are needed. In the recently concluded pension agreement, for example, agreements have been made to make pensions less dependent on the - currently historically low - interest rates on the financial markets. The idea is to make the calculation rules for the funds less strict with this adjustment. 'While waiting for the agreement to be worked out, you should not take any measures that may not be necessary at all,' says FNV.
Stacking
“The current rules stack – unintentionally – discount on discount with the pension funds,” says AObpolicy advisor Roelf van der Ploeg. “The pension agreement, which was recently concluded, is an important step in the right direction. That agreement must now be worked out, and we are working very closely with FNV in this area. After all, we have the same interest: standing up for the interests of the working and retired Netherlands. ”
