Netherlands -Second cut for civil service pensioners? June 01, 2013

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 ...

 

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.


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