The Supreme Court has ruled that pension conditions can still be changed if people are already drawing their pensions. Employees of insurer Delta Lloyd had a generous scheme for years, under which the pension was guaranteed to go up with inflation. In 2011, the insurer halted the construction, including for those who were already pensioners. The pensioners went to court. An appeal court in Amsterdam ruled in 2012 that the change was not against the law. The highest court has confirmed the opinion of that verdict.
English: http://www.nisnews.nl/companies-allowed-to-change-pension-conditions ...
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.