Union federation halts talks on pension reform ‘for two week’

The FNV trade union federation has put talks with employers and the government on a new penson system on hold following widespread protests from affiliated member unions.

‘We have had a difficult meeting about the situation surrounding the state and corporate pensions,’ FNV chairwoman Agnes Jongerius told reporters. ‘We have decided to pause the negotiations for at least two weeks.’
The individual union leaders said in an open letter earlier this week the plan to relate pension rises to developments on the stock exchange places all the risks with workers.
Share prices
At the moment, companies and fund participants share the risk when pension cash is invested on the stock exchange.
‘The plug must be pulled on these negotiations. As things are, we are swimming into a trap set by the cabinet, employers and insurers,’ the letter states.
A senior government legal official warned earlier that such a crucial change would not be legally possible.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation