The civil servant pension fund ABP, one of the biggest pension funds in the world, will have to cut pay-outs for a second time this year, the civil service fund said. ABP reduced pay-outs by 0.5% earlier in 2013. But with a current coverage ratio of 100% and a target of 104% by the end of 2013, further cuts cannot be ruled out, the fund said.
English: http://www.dutchnews.nl/news/archives/2013/05/civil_service_pensioners ...
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