Longer hersteltermijn for the pension fund has small effect NU.nl

That concludes the Central Planning bureau (CPB) in a Monday published study.

Pension funds must annually assess, whether they are within the applicable hersteltermijn meet the requirements for equity. If the funds are not there on time to meet, then they need to cut pensions.

The CPB at the request of the ministry of Social Affairs now investigated what the consequences would be if the hersteltermijn next year at eleven or twelve years, and in 2018 back to ten years. Normally there is a period of ten years.

Discounts

“The discounts in 2017 are limited in scope, regardless of whether the hersteltermijn shall or shall not be renewed,” said the CPB.

Any discounts would be according to the CPB come in at less than 1 percent. However, the chance of a discount by the measure slightly less.

Older workers

Furthermore, according to the CPB, that the difference in effects for the various generations is limited. An extension of the hersteltermijn is slightly in the disadvantage of older employees.

With funding ratios of less than 100 percent are older pensioners understand something in the advantage. With a funding ratio of 100 percent or higher, the generation of effects to negligible.

“Retired participants have only limited benefit from an extension of the hersteltermijn”, says the CPB.

Recovery

it is Also the question of whether the funds that are there now straits sufficient to restore to larger discounts in 2021 and subsequent years, to prevent. The CPB has doubts whether this is possible with the funds which now have a funding ratio of under 90 percent.

“The scroll of deficits more difficult in addition, any transition to a new pension system in 2020″, warns the CPB.

Temporary

Because of the transition to new rules last year, a period of eleven years is used and in 2015 will have a term of twelve years.

The government has promised to investigate, or a temporary longer-term for 2017 would help keep the pressure on pension funds to alleviate.

Secretary of state Desired level of client (Social Affairs) wants the temporary extension now, has not yet bet again. “I think it is of importance first, the coverage ratio of 31 december to await, before a decision can be taken on the possible extension of the hersteltermijn”, skewed level of client to the Room.

Mid-January, this must be clearly.

By: NU.nl