‘Pension funds have reserve trouble’

A number of stock exchange-listed companies may have to shore up their corporate pension funds, the Financieele Dagblad reports on Wednesday, citing analysts from SNS Securities.

This means that there is a chance workers will have to pay more pension premiums or that companies will have to put more cash into their pension reserves, the paper says.
The paper quotes SNS Securities analysts as saying that printer maker Océ, supermarket firm Super de Boer, information group Reed Elsevier, telecoms firm KPN and post group TNT are all affected.
British news agency Reuters reports that the Océ board met on Tuesday to discuss how it can meet the regulatory reserve requirements. ‘An Océ spokesman said the firm is working on measures to deal with the impact of a potential higher contribution,’ Reuters said.
On Monday it emerged that some of the country’s biggest sector-wide pension funds are freezing pensions because their reserves have shrunk.

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