Record increase in pension premiums this year
3 years, 11 months ago

Record increase in pension premiums this year

NL Times  

This year pension funds are increasing their premiums more than ever before, with increases of 10 percent being no exception. 39 of the 44 industry-wide pension funds are increasing their premiums and/or cutting their pension accrual, according to FD. The pension funds blame the increased premiums and lower accrual on low interest rates and lower expected returns. Last year outgoing Minister Wouter Koolmees of Social Affairs and Employment asked the pension funds to limit pension increases this year, given that many Netherlands residents are struggling under the coronavirus pandemic.

Pension Funds Increase Premiums  record  increases  accrual  dutch  premiums  lower  pension  employees  increasing  fd  increase  funds

History of this topic

Large pension funds barely increasing pensions next year; No more than 3%
1 year, 2 months ago

Large pension funds barely increasing pensions next year; No more than 3%

NL Times  

Millions of Netherlands residents can kiss hopes for a big pension increase goodbye. Civil servants’ fund ABP, the largest fund in the Netherlands with 3 million members, can increase pensions by a maximum of 3 percent next year. Healthcare fund PFZW’s increase will probably be much less, and bpfBOUW, the pension fund for the construction sector, may not increase pensions …

Large funds unable to increase pensions this year
2 years, 10 months ago

Large funds unable to increase pensions this year

NL Times  

The largest pension funds in the Netherlands would like to increase pensions but are not yet able to. "At a time when groceries are becoming increasingly expensive, and energy prices are rising rapidly, that is a hard observation," said Joanne Kellermann, chairman of the board of care fund PFZW. The policy funding ratio, the indicator on which funds decide whether …

Pension cuts still looming, despite funds' improved position
4 years, 2 months ago

Pension cuts still looming, despite funds' improved position

NL Times  

While most of the Netherlands' large pension funds managed to improve their coverage ratio in the past quarter, millions of Netherlands residents may still face a cut to their pension next year, NOS reports. PFZW, the pension fund for care and welfare workers with over 2.9 million participants, currently has a coverage ratio of 88.5 percent. The other two largest …

Over 7 million NL residents could face pension cuts next year, large funds warn
4 years, 5 months ago

Over 7 million NL residents could face pension cuts next year, large funds warn

NL Times  

Over 7 million Netherlands residents have to take into account that their pension benefit may be lower next year. The three largest pension funds in the country have too little cash to meet the government's funding ratio requirement and have little hope of meeting that target by the end of the year, they said to NOS. In June, Minister Wouter …

Health insurance premiums will not rise by much due to Covid-19
4 years, 6 months ago

Health insurance premiums will not rise by much due to Covid-19

NL Times  

Health insurance premiums will increase in the coming year, but not by hundreds of euros like some external experts had calculated based on the high coronavirus costs, Minister Martin van Rijn for Medical Care said to parliament. According to Van Rijn, the main objective in the approach to absorbing the high coronavirus costs is to keep premiums as low as …

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