Engineering pension fund to cut payouts again
Tens of thousands of people who have a pension with the PME engineering sector pension fund will face a payout cut of 0.5% in April.
The fund said on Wednesday it is being forced to cut pensions because its financial position has not recovered sufficiently and the coverage ratio remains below the official 105%.
The PME fund, which has over 630,000 participants, also cut pensions by some 5% last year.
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