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Minister Wouter Koolmees (Social Affairs) does not intend to "turn the buttons separately" in the current pension system. Many pensions threaten to be reduced if nothing changes, but the minister only wants to work on a complete overhaul of the system.
"If you turn a button in the current system, you will create pieces, which, in my opinion, is not wise", Thursday, Great Tit, during the debate on the budget of his ministry .
50PLUS, SP, GroenLinks and the PVV in particular want Koolmees to take short-term action against the impending cuts, now that a comprehensive agreement has not been put in place. 19659004] The Cabinet states it wants to look for a financial space to increase pensions with consumer prices (indexing) and avoid discounts, but indicates that a new system will be put in place.
According to De Nederlandsche Bank (DNB), more than ten million pensions, including those of workers, may be eliminated if nothing changes. Indeed, the funding ratios of some funds are too low. The hedge ratio says a lot about the relationship between the asset and the future liabilities of a fund.
As soon as the coverage ratio is too low for five years, pension funds must reduce pensions to supplement their assets. GroenLinks has submitted a proposal to extend this period to seven years. The party recognizes that you are making the issues go forward, but the extra time can be used to set up a new system to avoid discounts.
50PLUS wants a higher discount rate for higher pensions
50PLUS MP, Martin van Rooijen, says that there are a number of years before indexing pensions by increasing the discount rate. The actuarial interest rate is the percentage by which pension funds must value their pension obligations.
This is an extremely sensitive means because a higher discount rate means that pension funds have more assets on paper and are therefore entitled to payments. higher.
Van Rooijen thinks that the notional interest rate is now too low, as the funds are reporting much higher returns. It will soon vote on a legislative initiative to temporarily increase the discount rate.
The government and the coalition have already announced that they do not support this law. "If politics turns the corner, we will have good elections in the short term, because many older people will vote for our party, but young people will be at great risk when it comes to paying their pensions," said the Prime Minister. Mark Rutte earlier this week.
In this regard, the Cabinet is headed by a committee of independent experts who gives its opinion every five years on the amount of the discount rate.
"Pension systems depend on solidarity and redistribution"
were also questions about the average system. With this system, young and old pay the same pension premium with the same pension fund. This seems fair, but is in fact a redistribution of capital from the youngest to the oldest.
In young people, up to 45 years in this case, it is worth more than that of the elderly, because their money can make a profit longer. At the same time, young people are less certain that they can also benefit because of the aging of the population. Fewer people are paying for the system. Employees also change jobs more often, and in some cases also pension funds.
The Cabinet wishes to abolish the average system. The costs for retirees only reach 60 billion euros. The question is who will pay the bill.
This is possible, for example, via the coverage rate, said Koolmees. Pensions can be indexed into a new system rather than the rules in effect, forcing the funds to keep fewer large buffers. There will be money released at once.
This is not suitable for 50PLUS. If the money goes from the coverage rate to the abolition of the average system, especially the elderly are "taken", said Van Rooijen. A reduced financing ratio reduces the risk of indexing.
Older people also benefit from a new system
In addition, older people benefit from the more flexible rules of a new retirement system, announced the Netherlands Bureau of Economic Policy (CPB ), published Thursday. If the average system is abolished without participant compensation, it is advantageous for retirees and elderly and disadvantageous participants for middle-aged and young people, according to the planning office.
Koolmees wants to avoid groups being disproportionately affected, because that is the case. trust in the mine system. "The whole pension plan depends on solidarity and redistribution," he said.
A little earlier in the debate, the minister had already indirectly invited the social partners to sit down again at the negotiating table, so that a pension agreement could still be concluded.
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