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Dutch healthcare pension fund joins calls for Shell to go carbon free more quickly

Dutch healthcare pension fund joins calls for Shell to go carbon free more quickly
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Joanne Kellermann , ஜொவந் கெலிலெர்ம்ான்ன் ,

ABP calls for change to funding ratio calculation to prevent pension cuts

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. ....

Joanne Kellermann , Eric Uijen , Wouter Koolmees , Corien Wortmann , Terry Troost , Social Affairs Minister Wouter Koolmees , Algemeen Dagblad , ஜொவந் கெலிலெர்ம்ான்ன் , டெர்ரி ட்ரூஸ்ட் ,