Dutch pension funds, retirees need more say before system overhaul, says NSC
2 months ago

Dutch pension funds, retirees need more say before system overhaul, says NSC

NL Times  

Coalition party NSC wants all pension funds to consult their members on whether they want to switch to the new pension system. NSC parliamentarian Agnes Joseph is submitting a proposal to have the participants of each pension fund express their opinion in a referendum before their fund can make the switch, NOS reports. The NSC has long advocated for pension fund participants to have more influence on their fund’s switch to the new system, but this is the first concrete proposal. “I think the risks are particularly high and that people should decide for themselves whether they want this or not.” The new pension system is one of many sensitive topics in the coalition.

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History of this topic

MPs back formal review of NSC's pension referendum plan
2 months ago

MPs back formal review of NSC's pension referendum plan

Dutch News  

A majority of MPs have voted to ask the government’s highest-ranking advisory body, the Council of State, to assess plans to hold referenda on the new pension legislation. Two parties from the ruling right-wing coalition – the NSC and BBB – want to give workforces and pensioners the right to vote on whether their fund should move to the new …

NSC plan for pension fund referendums puts strain on coalition
2 months ago

NSC plan for pension fund referendums puts strain on coalition

Dutch News  

Pieter Omtzigt’s NSC party is calling for members of pension funds to be given a vote on whether to be included in the new Dutch system. NSC MP Agnes Joseph is expected to submit plans that would require pension fund managers to hold a referendum first before transferring to the new system. The reforms created individually tailored pension “pots” rather …

First Dutch fund gets green light to switch to new pension system on January 1
4 months, 2 weeks ago

First Dutch fund gets green light to switch to new pension system on January 1

NL Times  

The Beroepspensioenfonds Loodsen is the first pension fund to get the green light from De Nederlandsche Bank to switch to the new pension system on 1 January 2025, the pension fund for pilots announced. In the new system, pension funds’ large pot will be divided into personal pension pots, and the amount in that pot will be more dependent on …

ECONOMIC PERSPECTIVES | Debate over old pension scheme divides State governments and Centre
2 years, 2 months ago

ECONOMIC PERSPECTIVES | Debate over old pension scheme divides State governments and Centre

The Hindu  

Published : Dec 29, 2022 10:15 IST In moves that are gathering momentum, a number of State governments are announcing or implementing decisions to reverse their shift to the new pension scheme designed largely by the Centre. Under the OPS, those who were members of the scheme, which consisted mainly of regular employees of the Central and State governments, made …

PvdA and GroenLinks clear the way to support pension reform
2 years, 3 months ago

PvdA and GroenLinks clear the way to support pension reform

Dutch News  

The Labour party and GroenLinks have withdrawn some of their objections to government plans to reform the pension system, clearing the way for the legislation to pass in the senate. The two parties did use the last major debate on the changes in the lower house on Thursday night to renew their call for some amendments – including a government …

PvdA and GroenLinks clear the way to support pension reform
2 years, 3 months ago

PvdA and GroenLinks clear the way to support pension reform

Dutch News  

The Labour party and GroenLinks have withdrawn some of their objections to government plans to reform the pension system, clearing the way for the legislation to pass in the senate. The two parties did use the last major debate on the changes in the lower house on Thursday night to renew their call for some amendments – including a government …

The pension agreement is just the start: what the papers say
5 years, 9 months ago

The pension agreement is just the start: what the papers say

Dutch News  

This weekend, the members of the two major trade unions, the FNV and the CNV, voted in favour of reforms to the Dutch pension system, after nine years of negotiation. ‘In short, there is a major risk that the negotiations will simply move from social affairs minister Wouter Koolmees and the government’s social and economic policy advisory body SER negotiating …

The pension agreement is just the start: what the papers say
5 years, 9 months ago

The pension agreement is just the start: what the papers say

Dutch News  

This weekend, the members of the two major trade unions, the FNV and the CNV, voted in favour of reforms to the Dutch pension system, after nine years of negotiation. ‘In short, there is a major risk that the negotiations will simply move from social affairs minister Wouter Koolmees and the government’s social and economic policy advisory body SER negotiating …

Restarted pension talks are 'constructive', minister says
5 years, 9 months ago

Restarted pension talks are 'constructive', minister says

Dutch News  

Monday night’s talks on reforming the Dutch pension system were ‘good’ and ‘constructive’ but no deal has yet been reached, social affairs minister Wouter Koolmees told reporters after the negotiations broke up in the early hours of Tuesday morning. Talks between ministers, unions and employers broke down last November after the unions pulled out over the government’s refusal to slow …

Restarted pension talks are 'constructive', minister says
5 years, 9 months ago

Restarted pension talks are 'constructive', minister says

Dutch News  

Monday night’s talks on reforming the Dutch pension system were ‘good’ and ‘constructive’ but no deal has yet been reached, social affairs minister Wouter Koolmees told reporters after the negotiations broke up in the early hours of Tuesday morning. Talks between ministers, unions and employers broke down last November after the unions pulled out over the government’s refusal to slow …

Pension reform talks may restart, minister stresses need for progress
5 years, 9 months ago

Pension reform talks may restart, minister stresses need for progress

Dutch News  

Social affairs minister Wouter Koolmees has told MPs that he wants to resume talks with unions and employers on reforming the Dutch pension system. The talks collapsed in November after the unions walked out, saying the cabinet was not prepared to do enough to meet their demands on the state pension age. He also said the cabinet ‘sees room to …

Pension reform talks may restart, minister stresses need for progress
5 years, 9 months ago

Pension reform talks may restart, minister stresses need for progress

Dutch News  

Social affairs minister Wouter Koolmees has told MPs that he wants to resume talks with unions and employers on reforming the Dutch pension system. The talks collapsed in November after the unions walked out, saying the cabinet was not prepared to do enough to meet their demands on the state pension age. He also said the cabinet ‘sees room to …

Government faces a busy year with two elections and headache issues
6 years, 2 months ago

Government faces a busy year with two elections and headache issues

Dutch News  

The ‘yellow vest’ protest movement may have failed to take off in the Netherlands so far, but the Dutch government does face a number of challenges in 2019 – not least of all two important elections. ‘There is no time to lose for this cabinet.’ NOS political correspondent Ron Frensen says that 2019 is the year in which the cabinet …

Cabinet may press ahead with pension reform without unions blessing
6 years, 4 months ago

Cabinet may press ahead with pension reform without unions blessing

Dutch News  

The Dutch cabinet may decide to press ahead with reforming the pension system without the involvement of the unions, the Telegraaf reported on Thursday. The unions, however, said the government was unwilling to move far enough on slowing down the rise in the state pension age. Both parties are also refusing to rule out reforming the pension system without union …

Cabinet may press ahead with pension reform without unions blessing
6 years, 4 months ago

Cabinet may press ahead with pension reform without unions blessing

Dutch News  

The Dutch cabinet may decide to press ahead with reforming the pension system without the involvement of the unions, the Telegraaf reported on Thursday. The unions, however, said the government was unwilling to move far enough on slowing down the rise in the state pension age. Both parties are also refusing to rule out reforming the pension system without union …

Pension reform talks collapse as unions pull out over retirement age
6 years, 4 months ago

Pension reform talks collapse as unions pull out over retirement age

Dutch News  

Talks between unions and employers on reforming the Dutch pension system collapsed on Tuesday night after the three big unions pulled out. We had €7bn to make sure the pension system was ready for the coming 50 years and a lot of progress had been made,’ prime minister Mark Rutte told reporters. ‘We want a solution to the untenable rise …

Pension reform talks collapse as unions pull out over retirement age
6 years, 4 months ago

Pension reform talks collapse as unions pull out over retirement age

Dutch News  

Talks between unions and employers on reforming the Dutch pension system collapsed on Tuesday night after the three big unions pulled out. We had €7bn to make sure the pension system was ready for the coming 50 years and a lot of progress had been made,’ prime minister Mark Rutte told reporters. ‘We want a solution to the untenable rise …

No result after marathon talks; pension negotiations to continue next week
6 years, 4 months ago

No result after marathon talks; pension negotiations to continue next week

Dutch News  

Marathon talks between unions and employers have failed to produce an agreement on changes to the current Dutch corporate pension system and will continue after the weekend. The change is necessary because the aging population is putting more pressure on the current pension system and pension funds are having to pay out to more people for longer. State pension age …

No result after marathon talks; pension negotiations to continue next week
6 years, 4 months ago

No result after marathon talks; pension negotiations to continue next week

Dutch News  

Marathon talks between unions and employers have failed to produce an agreement on changes to the current Dutch corporate pension system and will continue after the weekend. The change is necessary because the aging population is putting more pressure on the current pension system and pension funds are having to pay out to more people for longer. State pension age …

Unions says ministers must freeze retirement age, or face no new pension deal
6 years, 6 months ago

Unions says ministers must freeze retirement age, or face no new pension deal

Dutch News  

The cabinet must come up with more money for the state pensions by freezing the pension age, if it wants the unions to make a deal on reforming the entire system, the FNV trade union said on Friday. The FNV, the biggest pension federation in the Netherlands, said in a statement it will be ‘very diffcult to make an agreement …

Pension reforms well on the way, says economic advisory body
7 years, 11 months ago

Pension reforms well on the way, says economic advisory body

Dutch News  

The Netherland’s main government economic advisory body has laid out changes necessary to tackle the effects of an ageing population on pensions, the Volkskrant writes. A private pension pot for all citizens, fewer hard and fast guarantees as to future pay outs and greater transparency will be some of the new features, the SER told Edith Schippers, who is currently …

Pension reforms well on the way, says economic advisory body
7 years, 11 months ago

Pension reforms well on the way, says economic advisory body

Dutch News  

The Netherland’s main government economic advisory body has laid out changes necessary to tackle the effects of an ageing population on pensions, the Volkskrant writes. A private pension pot for all citizens, fewer hard and fast guarantees as to future pay outs and greater transparency will be some of the new features, the SER told Edith Schippers, who is currently …

Most Dutch back pension overhaul, switch to personal schemes: poll
8 years, 9 months ago

Most Dutch back pension overhaul, switch to personal schemes: poll

Dutch News  

Some two-thirds of the Dutch population support the idea of a new pension system in which individuals are given more choice to determine what their pensions should look like, according to a new poll by Maurice de Hond. The poll of 3,200 people was commissioned by the Liberal democratic party D66, which supports a shake-up of the current pension system, …

Pressure mounts for major overhaul of Dutch pension system
8 years, 10 months ago

Pressure mounts for major overhaul of Dutch pension system

Dutch News  

Pressure is mounting in the Netherlands for a major overhaul of the current three-tier pension system, with a string of influential organisations and people calling for wholesale reform. The Dutch pension system is based on three parts: the state pension AOW, payable in full to everyone who has lived in the country for more than 50 years and at reduced …

Pressure mounts for major overhaul of Dutch pension system
8 years, 10 months ago

Pressure mounts for major overhaul of Dutch pension system

Dutch News  

Pressure is mounting in the Netherlands for a major overhaul of the current three-tier pension system, with a string of influential organisations and people calling for wholesale reform. The Dutch pension system is based on three parts: the state pension AOW, payable in full to everyone who has lived in the country for more than 50 years and at reduced …

Change in the Netherlands is s-l-o-w
9 years, 2 months ago

Change in the Netherlands is s-l-o-w

Dutch News  

Shifts in official policy in the Netherlands take a long time but when a decision is finally made, it is not going to change, writes economist Mathijs Bouman. Compromise It’s an agonisingly slow process but it does have one advantage: the decision is set in stone. The PVV succumbed in 2010 when it supported the VVD-CDA cabinet and the SP …

MPs near agreement on pension reforms
10 years, 5 months ago

MPs near agreement on pension reforms

NL Times  

The Cabinet, governing groups and the opposition parties D66, ChristenUnie and SGP have reached an agreement on tightening the pension rules, Z24 reports. An important part of the bill is that pension funds are required to hold higher financial buffers from next year. Research will also be done into the low interest rates that pension funds must use to determine …

Most Dutch concerned about pensions
10 years, 6 months ago

Most Dutch concerned about pensions

NL Times  

According to a study carried out by Secretary of Social Affairs, Jetta Klijnsma, the Dutch knows very little about pensions, but the majority of them are concerned about the Dutch pension system, De Telegraaf reports. According to the study, only 28 percent of Dutch feel that they have a good working knowledge of pensions. 69 percent of Dutch are worried …

More NL pols against EU pension tinkering
10 years, 10 months ago

More NL pols against EU pension tinkering

NL Times  

The Netherlands must be careful that the European Commission stays out of the pension funds of member states. The Netherlands should pull the 'yellow card' against the Commission's pension plan, says CDA- MP Pieter Omtzigt, RTL Nieuws reports. Omtzigt is worried that the European Commission will remove the Dutch pension system from the control of the Dutch parliament. Omtzigt thinks …

Pension Funds Improve Considerably
11 years, 5 months ago

Pension Funds Improve Considerably

NL Times  

On Thursday the Dutch pension funds made the numbers of the third quarter public. According to the law, the pension funds must have a degree of coverage higher than 105 percent. Is the degree of coverage lower than the said level than the pension funds can announce that they will pay less in the next year. Pension fund bpfBouw, of …

Almost Agreement Government And Pension Funds
11 years, 6 months ago

Almost Agreement Government And Pension Funds

NL Times  

The government has almost an agreement with the pension funds on investments in the Dutch economy. Most probably this agreement will lead to the formation of a national mortgage bank, where pension funds can take over mortgages of Dutch banks. The government wants to entice pension funds to invest more in energy projects or regional infrastructure. “But we're at a …

'New pension plans aim to force funds to take more risks'
11 years, 8 months ago

'New pension plans aim to force funds to take more risks'

Dutch News  

New rules for Dutch corporate pension funds will make the size of payouts less certain and force funds to take greater investment risks, RTL news reported on Thursday. The aim of the changes – which have been several years in the planning so far – is to ensure the Dutch supplementary pension system continues to work in the future. Inflation …

'New pension plans aim to force funds to take more risks'
11 years, 8 months ago

'New pension plans aim to force funds to take more risks'

Dutch News  

New rules for Dutch corporate pension funds will make the size of payouts less certain and force funds to take greater investment risks, RTL news reported on Thursday. The aim of the changes – which have been several years in the planning so far – is to ensure the Dutch supplementary pension system continues to work in the future. Inflation …

Pension funds prepared to invest in mortgages, give more air to banks
12 years ago

Pension funds prepared to invest in mortgages, give more air to banks

Dutch News  

Dutch pension funds are now prepared to help finance banks’ mortgage portfolios, giving them more room to make new loans, the Financieele Dagblad reports on Tuesday. The thesaurier-generaal – the finance ministry’s top civil servant – has been negotiating with pension funds, government officials and banks for almost three years in an effort to kick start the housing market and …

Pension funds prepared to invest in mortgages, give more air to banks
12 years ago

Pension funds prepared to invest in mortgages, give more air to banks

Dutch News  

Dutch pension funds are now prepared to help finance banks’ mortgage portfolios, giving them more room to make new loans, the Financieele Dagblad reports on Tuesday. The thesaurier-generaal – the finance ministry’s top civil servant – has been negotiating with pension funds, government officials and banks for almost three years in an effort to kick start the housing market and …

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