A lot of offices have tried it, but it never came across someone so close to you as a minister, Wouter Bird (such as Social Affairs, the Dutch political party D66) the amendment of the Dutch pension system, as in the fifties, it was originally designed.
Friday, reached the Bird and agreement with the trade unions and the employers on the latest issues in the development of their in June last year, concluded agreement. It is going to be of great importance and a lot of money in the pensioenpotten is around 1500 billion euros. As a result, the past few months, a year, ago, daily meetings, and a couple of times, late into the night, and technically save you from the intense discussions.
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There are still uncertainties: the trade unions and employers ‘ organisations have put the appointments in the next few weeks for their fans. Within the employers ‘ organisations are being murmured to by the insurance company, which also plans to offer. They found that the agreements failed to take into them account.
In the trade union movement, especially the rank and file of the UNION are unpredictable. And the board of directors of the out EXCEPTION, sounded Friday night, striking restraint. Vice-chairman Gerrit van de Kamp said, emphatically, that there is still no final agreement has been, since the ‘weight’ must be made.
There continue to be obstacles to
It is unclear also how will the new pension be extracted for a variety of generations and in a wide range of economic scenarios. The calculations of the Central Planning office sends a Bird, probably on Friday, to the house of commons. Those are just averages. Only a few years, it will be about two hundred pension funds in the Netherlands, for their employees and retirees share stories about how the new rules will expand. It is the intention that the funds by 2022, and 2026, to migrate to the new system.
However, the majority of those involved Friday and very happy with the difficulty of reached an agreement. Workers are now on view for a more personal, retirement, and stressed the great tit, which is also “more in tune with the modern labour market, where people are more likely to be of a job change, or decide self-employed-to-be.
Hans de Boer, from the employers ‘ organisation VNO-NCW, stressed that there was now an end to the years of rising premiums. “When I was six years ago, the pension was concerned,” he said Friday, “I have a work week of five days, on average, one day prior to your retirement if you have reached the AOW pension contributions that can be counted. Now, this is a day and a half. That will cost greatly. Since we want to have from the start.”
No promises for more
The crux of the new retirement funds are no more promising. Now, construction workers, every month a little piece of their future pension, which is a ‘claim’.
That toekomstbeloftes have pension funds over the past few years, klemgezet. Due to the fall in interest rates, they had to get more and more money as a store of value in order that the children be assured. As a result, most of the pensions in the past ten years, not adjusted for rising prices in the shops.
With the interest rates, pension funds need to calculate how much money they now need to get all of their toekomstbeloftes to come. For example, a payment of 100 euros, which is over thirty years old will need to be paid to a pension fund a year ago to 72 euros, in order to have it. Due to the lower interest rate, that is 92 euros.
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The new system will be allowed to pension funds to gain a faster distribution because they are no hard and fast promises to do more about the level of future benefits.
Employees can see how much power they now have, built up by the premiums they have paid, and the rate of return that they are made of. No matter how high the compensation is, it will just have to be careful back.
No buffers, and more
The funds do not have large financial reserves for bad times. As a result, the pensions, rocking on the waves of the financial markets.
With the retirement of the kids are going to be the most moving. Since it is agreed that employees in their career and have less and less risk to go for a walk. The older you get, the smaller the share of the return on investment you will receive: you will benefit less from the profits and would need to suffer from the loss. Thus, the pension will be more and more stable as the date gets closer.
By letting go of the promises in the sound of the new retirement is much more uncertain. But in reality, it was the retirement of long hangs in the balance. This is because pension funds in the past few decades, more and more of a risk to take with their investments. They will have more stock to go out and buy and for less secure government bonds, because of the low interest rate environment, but only a few make money with bonds.
However, the question is whether the people who swing are going to accept it, especially if there are long-term investment losses, are. Over the past few years, leading to each threat pensioenverlaging to the noise. Thus, pension reductions over the last ten years, many times it rolled over. Also, Bird has announced on Friday that by the end of this year, pension reductions carried forward shall be as in the previous year.
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No subsidy from the young to the old
Secretary Bird is especially happy that the pensioensubsidie from the young to the old to be abolished. Now, even young people, for every dollar of premium the same in future years as the elderly. As for the euro, younger, and a lot more: it can take longer to render.
Young people have too much pension and the elderly are not enough. The so-called doorsneesystematiek is perfect for those who are always in the same pension fund remains. But for those who are on a 45-year-old, the age of self-employed and the pension fund, and leave the subsidy, however, paid for, and will not be able to receive.
Under the new system, young people have more pension for their contribution, and older people less so.
That was on the verge to be a problem to manage. Because of this, a new system would be mostly in their forties and fifties, the grant is going to go wrong, which they are, as well as younger, however, be paid in full. How will they be compensated?
For the vast majority of pension funds, it is easy to do, in order to compensate them, in the uitwerkingsakkoord on Friday, which was in the hands of the The NRC. “According to calculations by the Central Planning bureau, and just as many pension funds, it appears that in many cases, it is not a disadvantage, but an advantage is” write great tits, trade unions and employers ‘ organisations.
Thus, it is possible to look for the new verdeelregels is expected to have more investment to be made than they are now. This is because there will be more pension money will be given to young people, and that money can be made longer to pay off. As a result, there is cash to be in their forties and fifties, to be compensated for.
Insurance companies are angry
Much more complicated is it to compensate for the more than one million workers in a pension with an insurance company. They have to work with a personal pensioenpotjes, and may, therefore, have no retirement started to shift between the different participants.
It seemed to only have three options, which all three of the difficulties encountered. Employers will see it does not sit in the pension contributions to increase significantly. The trade unions have refused to give the employees less in retirement to leave to build, for the same amount. The government refused to help to take the billions of dollars.
That’s why the insurers are now in a privileged position: current employees will not be required for the doorsneesystematiek’t want to buy it, but for new recruits as well.
Also, it has a big disadvantage: they need to be in two different pension schemes next to each other in the air to keep up. This leads to higher costs and more hassles. So it responded to the insurers, on Saturday is critical. Small and medium-sized companies with a policyholder’s pension plan “has to be huge problems,” said managing director Richard Weurding, of the Dutch association of Insurers, which is affiliated with employers ‘organizations the employers’ organization VNO-NCW).
Insurers will want to be completely excluded from the new rules, including for new employees. But it was not politically feasible, said the employers ‘ organization VNO-NCW chairman Hans de Boer, on Friday at The NRC. “We have to have it to do so. We have made a compromise.”
UNION-vice-president Of Elzinga wave of criticism from insurers in your way. “They pretend to be employers and employees, here is the worse, but the employers and the employees both agree that this is the best solution.”