Millions of Dutch retirees may soon face a reduction in their pensions, the large pension funds warn in their quarterly reports. Time is running out in particular for metal funds PME and PMT. There seems to be small chance that they will get their financial position in order in time to prevent cuts, NU.nl reports.
Monday will be a chaotic day for people who commute to work by public transport. NS announced that it will join an early morning strike held by city- and regional public transit companies, AD reports.
The public transit companies are protesting for freezing the retirement age at 66. For that reason they will strike from 6:00 a.m. for 66 minutes, trade union CNV Vakmensen said. The strike will likely also cause delays after its end.
Public transit workers in Amsterdam will strike for part of Monday, March 18th, as part of a national action day for better pensions, trade unions CNV, VCP and FNV announced. Amsterdam public transit company GVB confirmed the strike to Het Parool.
34 elderly Dutch people are receiving a supplementary pension from Germany for their years of service with the Waffen-SS, an armed wing of the Nazi Party's SS organization, current affairs program EenVandaag reports based on its own research.
Bad news for Dutch pensioners. A bad fourth quarter of 2018 deteriorated the financial position of a number of large pension funds, which means that they may have to lower the pensions of many Dutch retirees in 2020 or 2021, ANP reports.
Most Dutch people are not building sufficient financial buffers for a financially healthy future, Rabobank concludes based on a study by Nibud. Only two in five Dutch put money aside for training, income decreases, pensions, or healthcare, ANP reports.
Nibud questioned 2 thousand people for this study. Nearly half of respondents indicated that they are concerned about money matters in the future, yet most do nothing about it. Around a third don't have the money to set aside. But of the two thirds who do have financial room to set money aside, only 39 percent actually do so.
The Netherlands still has the second best pension system in the world, according to consulting firm Mercer's Global Pension Index. Denmark came in first place, ANP reports.
The gap between the Netherlands and Denmark even decreased somewhat, despite the fact that both countries lost their so-called A status on the Mercer Index. To get the A-status, a country must score 80 points or more out of a hundred. No country managed that in this year's evaluation, according to the news wire.
Less than 20 percent of the 873 thousand freelancers and self-employed in the Netherlands have insurance against occupational disability, according to figures by Statistics Netherlands and TNO. 70 percent of this group don't have insurance because they can't afford it.
A quarter of this group say they can carry this risk by themselves and just over 20 percent can fall back on their partner's income. 14 percent don't have insurance because they don't trust insurers. This is especially common in the construction industry, according to the stats office.
Nearly half of self-employed people in the Netherlands don't save enough for their pensions - 43 percent of Dutch self-employed will not be able to retire with an adequate pension on their current rate of savings, according to a study by the Economic Statistical Bulletin, RTL Z reports.
About 1,500 psychiatrists working at 41 mental health institutions went on strike on Tuesday in protest against their pension plans. They want their employers to pay the employer's contribution to their pension plans, which they've been withholding for two years, ANP reports.
For the strike the psychiatrists worked on a weekend schedule on Tuesday, only giving emergency treatments. All regular treatments and sessions were canceled. According to the psychiatrists, this was the first time they took action against their employers. They felt they have no other choice.
Last year the wage costs to companies per hour worked increased by 0.6 percent, compared to 2014, Statistics Netherlands announced on Monday. That is the smallest increase in the past 20 years. The low increase can mainly be attributed to lower employers contributions.
Nibud is concerned about the financial situation of future pensioners. The combination of the rising cot of living and the current group of freelancers and entrepreneurs building less pension, leads the institute to expect that the current under-65-year-olds will soon have a quarter too little pension
The D66 wants to change the pension system so that individual workers can chose their pension plans for themselves, instead of the current collective schemes
Nearly 40 percent of Dutch pensioners are struggling to get by on their retirement income, according to a survey done by interest association ANBO among 9 thousand retirees
Some 7 million workers and pensioners may well see their pensions reduced next year. The financial situation of the large Dutch pension funds dropped to critical last month, according to figures released by Aon Hewitt on Tuesday
For 553 thousand of the more than 1.35 million freelancers in the Netherlands, the money they earn as a freelancer is a sideline income. The bulk of their income consists of wages, pension or benefit, according to figures Statistics Netherlands released on Wednesday.
On Tuesday De Nederlandsche Bank announced that the way in which the interest rate for pension funds is calculated will be adjusted. Pension funds are concerned that this will leave them worse off financially and lead to premium increases for their members
On Monday the Public Prosecutor demanded a prison sentence of 367 days and 3 years of probation against a 56 year old woman from Rijnsaterwoude who is charged with driving her mother's dead body out of the country and hiding it.
More than half (57 percent) of Dutch freelancers expect that they will have to continue working after retirement. This is according to a study done by Centraal Beheer under 539 freelancers.
According to Statistics Netherlands, the average retirement age increased further in 2014 to 64.1 years. That is 0.2 years higher than in 2013 and 0.5 years higher than in 2012.
People with high incomes should invest less in their pensions, so billions of euros would be freed for consumption, the Dutch Central Bank (DNB) says.
Freelancers should be obliged to save for their own retirement and company employees should be given more power over the amount of their pensions, writes the Netherlands Authority for the Financial Markets (AFM) as a contribution to the national pension debate.
A study done by the Social and Cultural Planning Bureau (SCP) shows that one in six self employed people are living below the poverty line.