Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Euros
Euros - Credit: Antonio-S / DepositPhotos - License: DepositPhotos
Business
Politics
Ministry of Social Affairs
pensions
pension funds
Covid-19
Coronavirus
Saturday, 13 June 2020 - 07:45
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Most pensions won't decrease in 2021 as negotiations draw to a close

The pensions of most Dutch residents are unlikely to decrease next year, the Ministry of Social Affairs announced on Friday. Following prolonged discussions with employers and unions, the decision marks the completion of the Cabinet's new pension deal taken in the wake of the Covid-19 crisis.

"In view of the very exceptional economic situation, the Cabinet has promised to use last year's exemption scheme this year," the ministry announced in a statement. It added that, in effect, this leaves pension funds with a funding ratio of above 90 percent without the obligation to reduce their pensions.

According to the ministry, the details of the pension system will be made available in the coming period following "constructive" discussions that lasted well into the night on Thursday.

However, pension funds with a funding ratio below 90 percent will still be required to cut their pensions, sources from the ministry told the public broadcaster NOS on Friday.

Follow us:

Latest stories

  • Groningen prohibits possession of objects that can be used as weapons
  • Floating toilet building submerged in the harbor of Breskens
  • Dutch foreign minister says asylum flows cannot be sustained indefinitely
  • 18-year-old man arrested for threatening school shooting in Rijswijk
  • 3D-printed bridge in the Red Light District will soon be removed
  • Police arrest suspect for fatal fire in Arnhem

Top stories

  • Police arrest suspect for fatal fire in Arnhem
  • Aruba prosecutor: New evidence in Natalee Holloway case is fake; American T.V. host was tricked
  • Possible passenger ceiling at Schiphol again due to staff shortage, travel agency angry
  • Hoekstra wants to reintroduce conscription
  • EU countries agree on new price cap for Russian oil
  • Hermitage shows Rembrandt and contemporaries from The Leiden Collection

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content