Sunday 18 August 2019

Most Dutch back pension overhaul, switch to personal schemes: poll

Photo: Depositphotos.com

Photo: Depositphotos.com

Some two-thirds of the Dutch population support the idea of a new pension system in which individuals are given more choice to determine what their pensions should look like, according to a new poll by Maurice de Hond.

The poll of 3,200 people was commissioned by the Liberal democratic party D66, which supports a shake-up of the current pension system, the Telegraaf reports.

The poll found 68% of D66 supporters back what the Telegraaf called an ‘ego pension’ system but that the highest support – 78% – was among supporters of the anti-Islam and EU PVV.

Seven in 10 supporters of the ruling Liberal VVD and two-thirds of Christian Democratic party voters also back the idea.

Supporters say a more personalised pension system would give pensioners more certainty about the size of their retirement income. Many of the country’s biggest pension funds are poised to cut pension payments next year because of the low interest rates.

Last month, the government’s most senior advisory body, SER, called for the introduction of personal pensions with collective risk-spreading to replace the current system of supplementary pensions.

The Dutch pension system is based on three parts: the state pension AOW, payable in full to everyone who has lived in the country for more than 50 years and at reduced rates for others; collective company schemes, which are usually compulsory; and private pension schemes.

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