9 years, 9 months ago

Changes planned for pension system

The Cabinet is planning some big changes in the pension system. They want to give people a better understanding of their own personal pension accrual and to get rid of the current averages system. This is according to the "Outlines of a future-proof pension system", that State Secretary Jetta Klijnsma of Social Affairs sent to the Tweede Kamer, lower house of parliament on Tuesday. Finally the cabinet wants to phase out the current average system, in which all employees pay the same pension contribution and have the same pension accrual per year. In this way we can ensure that the pension system better suits the needs of the people and the labor market of the 21st century", Klijnsma said about the Outline.

NL Times
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