On Thursday the Dutch pension funds made the numbers of the third quarter public. In general the degree of coverage increased and there is now some hope that pensions will not be cut down next year.
According to the law, the pension funds must have a degree of coverage higher than 105 percent. This is to assure the retired people that their pension can be paid and that they can live on the same standard as usual. Is the degree of coverage lower than the said level than the pension funds can announce that they will pay less in the next year.