Pension reform plan divides Dutch

Plans to increase the pension age to at least 66 and change the way corporate pensions are calculated have divided the population, according to a new poll by Maurice de Hond.


Some 43% oppose the plan and 37% support it, the poll shows. One in five people have not made up their minds. The agreement was finalised by unions, employers and ministers on Friday.
In addition 70% of those polled think the issue should be voted on by the entire population in a referendum.
The unions still have to put the deal to their members for approval and at least one, the FNV-affiliated general workers union Bondgenoten, is recommending a no vote.
Youngsters
According to an expert from the government’s macro-economic policy unit CPB, youngsters will carry far more risk than older people under the new set up.
CPB deputy director Casper van Ewijk said there is a greater chance young people will have lower pensions because of changes to the way corporate pensions are worked out.
The deal states corporate pensions’ investment profiles will be negotiated on a sector or company-wide level, but that the size of payouts will depend ultimately on stock exchange movements.
According to the Financieele Dagblad, the workers’ representative on the board of the giant PME engineering workers pension fund ‘there will be conflicts if it is no longer possible to make employers share the risk.’
Pension reform, what the papers say

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