Employers want limits to pension tax breaks

Employers’ organisation VNO-NCW is calling on the government to limit the tax breaks on corporate pension schemes to encourage people to stay longer in work.

The move would also cut employer costs, the organisation’s chairman Bernard Wientjes says in an interview with the Financieele Dagblad.
Wientjes says it is ‘absolutely vital’ that the corporate pension age should be part of discussions about raising the state retirement age from 65 to 67. ‘That is a key issue,’ he told the paper.
By increasing the corporate pension age to 67, premium payments can be reduced, Wientjes said.
Both employers and workers contribute towards corporate pension schemes. Since 2004, workers have been able to increase their corporate pension payments to enable them to retire earlier.
Employers and unions are currently in talks on trying to find an alternative to the cabinet’s plans to increase the state pension age from 65 to 67.
Labour support
At the weekend, finance minister Wouter Bos told delegates to a party meeting in Venlo he wanted to take steps to eradicate hard physical labour – which means some people are physically worn out before they reach 65.
Employers should be required to organise physically-demanding jobs in such a way that workers do not end up ‘broken’, Bos said. This means people would be able to work past the current pension age of 65.

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