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The Chamber now wants the Great Tit to hurry up working out the Pension Agreement

2019-11-21T14:14:14.526Z

Now that Minister Wouter Koolmees (Social Affairs and Employment) has postponed most pension discounts for a year, the cabinet, employers and employees must hurry to work out the Pension Agreement, a majority of the House of Representatives thinks during a debate on Thursday the pensions.



Now that Minister Wouter Koolmees (Social Affairs and Employment) has postponed most pension discounts for a year, the cabinet, employers and employees must hurry to work out the Pension Agreement, a majority of the House of Representatives thinks during a debate on Thursday the pensions.

"We must speed things up" (D66 MP Steven van Weyenberg), "Social partners must do everything they can to work out the Pension Agreement" (VVD member Roald van der Linde), were some incentives from the Chamber towards the cabinet.

Koolmees is aiming that the pension plans for the summer of 2020 are ready for consideration in the Lower House. That is also the deadline for parliamentarians.

"We are tapping into the assets of pension funds. That cannot take too long," warned PvdA member Gijs van Dijk.

Not all parties were satisfied with the delay

Not everyone can live with this solution. 50PLUS, SP and PVV argued as usual for an increase in the discount rate so that pension funds have more money on paper. A year's delay they don't find a sustainable solution. But Koolmees has made it clear time and time again that such an intervention is unattainable for him.

Multiple parties also do not want to turn that knob, you then start making profits that have not been made yet, warned Van Weyenberg. SP Member of Parliament Bart van Kent believes that funds should count poorly with this discount rate.

A majority of the Parliament considered defending the deferment of cuts, which is particularly advantageous for pensioners, because the pension premiums are not increased and the accrual is not lowered. The latter is again beneficial for young people and workers.

Koolmees announced on Tuesday that pension funds will have one year longer to improve their financial position, so that in most cases no reduction is required. In this way, the pension plans that were announced last summer can be worked out in peace.

We worked together with GroenLinks and PvdA on this. Without those parties, the coalition has no majority in the Senate.

Great Tit invokes exceptional circumstances

Koolmees relies on "exceptional economic circumstances" so that the Pension Act can be amended. The minister summed up that we are dealing with the consequences of two financial crises, the rise in life expectancy, non-covering pension premiums and a very low interest rate. Pension funds have virtually no reserves left to pay current and future pensions.

CDA MP Pieter Omtzigt asked extra attention for the legal sustainability of this issue.

If nothing happens, 7.8 million participants at 27 pension funds run the risk that their pensions will be cut next year. With the intervention of Koolmees, this applies to 600,000 participants at four funds. For example, things were at least at the last measuring time in October, it is ultimately about the situation on 31 December.

Source: nunl

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