One of the best, but in The Netherlands we still manage to complain about it (as we do with many other things). Why? Many Dutch pension funds could soon be forced by law to reduce payouts. This...
One of the best, but in The Netherlands we still manage to complain about it (as we do with many other things). Why? Many Dutch pension funds could soon be forced by law to reduce payouts. This could result in millions of people receiving reduced pensions. By law, the funds are required to have enough cash to pay out all pensions and some extra. If they don't, they are unable to cover all payouts plus adjusting for inflation. However, new laws might make these buffers unnecessary.
One of the best, but in The Netherlands we still manage to complain about it (as we do with many other things). Why? Many Dutch pension funds could soon be forced by law to reduce payouts. This could result in millions of people receiving reduced pensions. By law, the funds are required to have enough cash to pay out all pensions and some extra. If they don't, they are unable to cover all payouts plus adjusting for inflation. However, new laws might make these buffers unnecessary.
Dutch source: https://nos.nl/artikel/2306494-grootste-aow-stijging-in-20-jaar-pensioenfondsen-nog-in-problemen.html