Lower investment returns lead to a more expensive pension
Pensions at ABP, the pension fund for education employees, will become more expensive in the coming years. This is because ABP expects lower investment returns, the economic outlook is less favorable and interest rates are low.
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"This is bad news, it will probably mean premiums are going up," he says AObpension expert Roelf van der Ploeg.
Yesterday, the ABP informed the unions and employers' organizations. Every five years, a committee, currently headed by Jeroen Dijsselbloem, sets a percentage with which the pension funds can calculate so that they can pay out the pensions in the future, Van der Ploeg explains. That percentage, the return that ABP expects, will be lower in 2021 than this year. And will gradually decline in the years after 2021.
Consequences of the pension scheme
Van der Ploeg: “If the return is lower, the pensions are more expensive. If the return is 2,8 percent, you will earn more on a euro deposit than if the interest is 2,0 percent. ” One consequence is that the premiums will increase or that the accrual of the pension will be adjusted. The unions and employers' organizations must consider the consequences for the pension scheme, because it is part of the employment conditions as laid down in collective labor agreements.
De AOb would like to talk to members about their pension wishes
“We need to see whether we accept higher premiums for employers and employees and what consequences this will have for wage increases,” says Van der Ploeg, who sits in the Pension Chamber of the ABP on behalf of the unions. “A choice could also be that we have to recover that higher premium from the government, which must make more money available for this, but that is difficult. The same pension accrual costs a lot more due to this low interest rate. ”
Think along
Members' consultations will have to show what the line of the unions will be. “We would like to talk to members to listen to their wishes,” says Van der Ploeg. AObmembers who want to contribute ideas can attend the Preparatory General Meetings (VAV) of the AOb. The topic of pensions is then discussed. Then it comes to the General Assembly, the highest body of the AOb, addressed. "Then it will be clear what our members want and how we conduct ourselves in this discussion."
Thinking about the pension? View on www.aob.nl / calendar for a VAV near you.
March 10, 2020 VAV in Amsterdam
March 10, 2020 VAV in Rotterdam
March 12, 2020 VAV in Groningen
March 16, 2020 VAV in Goes
March 16, 2020 VAV in Arnhem
March 17, 2020 VAV in Eindhoven
