New troubled pension fund list to be published in February

A new list of pension funds which are in financial trouble and may have to reduce payouts will be published in mid-February, according to social affairs ministry planning.

Pension funds included on the list may have to reduce payouts to pensioners from April 2012 unless they manage to boost their assets up to 105% of pension obligations, in line with government regulations.
Last August there was a major panic when the then-social affairs minister Piet Hein Donner gave a news conference and said 14 funds may have to cut payouts,without naming names.
In the end just a handful ended up cutting pensions.
In 2009 340 pension funds were ordered to submit a recovery plan by the central bank. They were given five years to get their houses in order.

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