FNV unions agree on pension reform

The 19 unions which make up the FNV trade union federation have reached agreement on how to move forward in the ongoing debate about corporate pension reform.

Talks within the federation itself broke down last week after 10 hours of discussions and resumed again on Friday.
‘We have reached agreement on the way we can achieve an optimum balance between certainty and index-linking,’ FNV chairwoman Agnes Jongerius told reporters late on Friday.
‘If we have our way, pension funds themselves can choose which way to go,’ Jongerius said.
Last year
The FNV and employers organisations reached agreement last year on reforming the corporate pension system.
That deal does not include fixed guarantees on the size of pensions, which means funds would not have to have high buffers. In addition, the size of payouts would be more flexible and more dependent on stock exchange fluctuations.
Opponents, including the FNV’s biggest union Bondgenoten, say this means pensions could be cut more quickly if the stock exchange falls, reducing security for workers.
Now the FNV has worked out a common standpoint, talks with employers and government officials can resume.

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