According to the largest pension fund in the Netherlands, is a structurally higher premium levels are needed, because ABP finances are not in good shape. In the years to follow further steps.
The premium is now 18.8 percent, and that is next year, a 21.1 per cent of the wage on which pension is spared. The fund has also decided that the pensions coming five years may not or hardly be able to grow with the average price evolution (indexation).
The financial position of ABP is not sufficient, according to the fund.
Critical point
The announcement about the higher premium is unrelated to the impending reduction of the pension benefits. It is not until the beginning of next year, a decision was made. Partly due to the low interest rates in Europe is the financial position of ABP is already a few months in the neighborhood of the critical boundary where, according to the rules on discounts are impossible to escape.
ABP brought the news Thursday in a somewhat clumsy way to the outside. In a newsletter to its participants headlined the fund: “Your accrued pension will continue in 2017.” A spokeswoman for ABP acknowledges request that sentence be unhappy formulated.
Compensation
The higher premium of the fund with 2.8 million participants will for a large part from the treasury of the Rich to be paid for. The pension contribution is approximately 70 percent borne by the employer. For an employee with a monthly salary of 3500 euro gross means the increase that he is in 2017 per month about 11 euros more is lost.
The ministry of Finance to let them know that there in The Hague was to take into account the additional costs through higher premiums. “There will be compensation must be found,” said a zegsvrouw.
Not all the big pension funds see it has, however, been forced to higher premiums to go count. Zorgfonds PFZW, the second largest fund of the Netherlands, decided last week to the premium for the old – age and survivors ‘ pension provisionally equal to keep on 23.5 percent.
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