Dutch civil service pension fund to increase payouts 12% in 2023
2 years ago

Dutch civil service pension fund to increase payouts 12% in 2023

Dutch News  

Civil service pension fund ABP has become the last of the big five funds to announce its payouts for next year – and has opted for an increase of almost 12%. ABP is the biggest pension fund in the Netherlands and one of the biggest in the world with €461 in assets under management at the end of October. ‘If you have a net pension of €1,000, this means an extra €120 a month.’ ABP raised pensions by 2.39% in July and this was the first increase in 10 years. The two big engineering funds, the health service fund and the construction industry fund have all announced rises in pensions next year, ranging from 4% to 14.5%.

Pension Fund  funds  12  biggest  civil  2023  rising  fund  service  payouts  big  dutch  netherlands  increase  pension  pensions

History of this topic

Dutch civil service fund to boost pensions 1.84% next year
3 weeks, 1 day ago

Dutch civil service fund to boost pensions 1.84% next year

Dutch News  

Three of the five big Dutch pension funds are increasing payouts next year but by a much smaller percentage than inflation. ABP chairman Harmen van Wijnen said last week he was “half happy” with the increase but that this was all the fund could do given its financial position. Healthcare pension fund PFZW has said it is freezing pensions next …

Pension fund ABP to invest €30 billion in sustainable projects; €5 bil. in rental homes
9 months, 2 weeks ago

Pension fund ABP to invest €30 billion in sustainable projects; €5 bil. in rental homes

NL Times  

Dutch civil servants pension fund ABP wants to invest an additional 30 billion euros of the cash it manages with a greater focus on impact projects and improved sustainability. The largest pension fund in the Netherlands, which is the fifth largest globally, is looking at readying 5 billion euros just for rental housing in the Netherlands out of 10 billion …

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 …

Dutch pension fund ABP insisting banks do more to tackle climate change
1 year, 11 months ago

Dutch pension fund ABP insisting banks do more to tackle climate change

NL Times  

Banks that claim they are including more green initiatives in their investment portfolios must also demonstrate their commitment, said the Dutch civil servants’ pension fund ABP. That means they need to look "very critically" at their investments in fossil fuels and “maybe move out.” In 2021, ABP decided to sell its investments in fossil fuel companies and projects worth 15 …

Dutch civil service pension fund to increase payouts 12% in 2023
2 years ago

Dutch civil service pension fund to increase payouts 12% in 2023

Dutch News  

Civil service pension fund ABP has become the last of the big five funds to announce its payouts for next year – and has opted for an increase of almost 12%. ABP is the biggest pension fund in the Netherlands and one of the biggest in the world with €461 in assets under management at the end of October. ‘If …

Top Dutch pension fund ABP to fund massive offshore wind energy site on North Sea
2 years, 1 month ago

Top Dutch pension fund ABP to fund massive offshore wind energy site on North Sea

NL Times  

ABP, the largest pension fund in the Netherlands, wants to realize the largest wind farm in the North Sea. The pension fund now plans to play an influential role in the renewable energy plans in the North Sea in the coming years. ABP wants to get in on the ground floor of this project, unlike pension funds’ usual strategy to …

Large funds expect to increase pensions again next year
2 years, 2 months ago

Large funds expect to increase pensions again next year

NL Times  

Major pension funds such as ABP and PMT expect to increase pensions again next year, they said in their quarterly reports. A few months ago, some large funds warned that it was uncertain whether pensions could be raised again in 2023, but the doubt seems to have been lifted. "Given our financial position, it is expected that we will be …

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 …

Dutch pension fund to divest from fossil fuel producers
3 years, 1 month ago

Dutch pension fund to divest from fossil fuel producers

Associated Press  

THE HAGUE, Netherlands — The Netherlands’ biggest pension fund announced Tuesday that it will stop investing in companies that produce fossil fuels, saying the move — that has long been demanded by many members of the fund — was prompted by recent climate reports by the United Nations and International Energy Agency. The head of climate and energy at the …

Dutch pension funds cutting investments in Chinese firms over Uyghur mistreatment
3 years, 7 months ago

Dutch pension funds cutting investments in Chinese firms over Uyghur mistreatment

NL Times  

Four large Dutch pension funds have halted their investments in Chinese companies over their alleged repression of the Uyghur people, a Muslim minority group primarily in Western China. In recent weeks, Follow the Money said they have conducted extensive research into the investment policy of the 24 largest Dutch pension funds towards China. The responses they received indicated that the …

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 …

Discover Related