Monday, 2 March 2009More than 4.7 million Dutch run the risk that their pension fund will have to lower the pensions it pays out in the coming years in order to avoid collapse, according to the Dutch newspaper NRC Handelsblad.
Unlike many other countries, each sector in the Netherlands has its own pension fund. The pensions of those industries with an ageing workforce are more vulnerable to setbacks than those with many young people who will continue to pay premiums for another few decades. Especially the former employees and pension recipients from large industry pension funds, such as the fund for the metal working sector need to be reviewed.
Around half of the funds have difficulties, according to the Social Affairs Minister Pit Hein Donner. The Dutch pension sector also had uneasy days between 2001 and 2003. The number of funds, having problems was around the quarter of all the funds. Most of them incorporated into larger ones.
JTW, Nermin Ayemir
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Monday, 2 March 2009
Journal of Turkish Weekly
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