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ABP, the largest pension fund in the Netherlands, is calling on politicians to stop tinkering with the pension law for the major reform of the pension system. Board chairman Harmen van Wijnen states that politicians engaging in a renewed discussion about the law in the months after the election are causing unrest. ....
PMT to move pension admin from MN to PGGM ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.
By Tjibbe Hoekstra2021-01-22T10:08:00+00:00 The Netherlands’ largest pension fund ABP has called for a change in the way pension schemes’ funding ratios are being calculated in order to prevent having to cut pensions in the run-up to the transition to a new defined contribution (DC)-based pension system. The president of the €493bn civil service scheme’s board of trustees, Corien Wortmann, said she wants the actuarial interest rate that is being used to calculate pension liabilities to reflect expected investment returns. In practice, this would mean the actuarial interest rate would rise, resulting in a significant improvement in funding ratios. ....