DNB: pension falls 2015 – Financieele Dagblad (Registration)

Dutch Height

More than two-thirds of the Dutch employees pay less premium this year than last year. According to a study by the Dutch Central Bank (DNB) that State Secretary for Social Affairs Jetta Klijnsma Saturday sent to the Senate.

In total pension contributions in the 158 surveyed pension funds decreased by € 1.9 billion. In 24% of employees remained the same and the premium increased by 6% premium.

The premium reduction is a result of the legal retrenchment of the pension. The percentage that employees may save tax free was reduced from 1 January 2015 from 2.15% to 1.875%. For politics has always been an important condition that these lower pension would translate into a lower premium. Otherwise employees would pay the same for less pension.

The figures show that the DNB to the lower structure has indeed for most Dutch to lower premiums. This is partly because a number of very large pension funds such as civil servants pension fund ABP and Care Fund PFZW have reduced premiums. ABP and PFZW together account for almost half of the Dutch pensions.

That does not mean that almost one-third of the employees has not decreased the premium. Far from all pension funds have in fact reduced their premiums contrary. An earlier study by the Financial Dagblad among the fifty largest sector pension funds, such as the hospitality industry pension fund, which showed only a quarter of the funds needed to reduce the build-up, including the premiums are reduced. The pension funds in question claimed that the premiums could not down because of low interest or because of collective agreements. Also, some pension funds have used the released money to improve the scheme elsewhere.

DNB states that, in the study by 46 funds for a further justification of premium decision is sought. Five funds have so according to the DNB until now have not done well enough. To ask them additional information.

According Klijnsma is the premium reduction in 2015 expected to be slightly larger than the Central Planning Bureau (CPB) previously estimated.