Netherlands: historical agreement on the pension reform

The agreement on the pension reform, subject to a formal consensus between the social partners before the legislative election on June 9, 2010, was finally signed.  Now the FNV has to endorse it, and nothing is less certain.  Indeed, the FNV’s biggest affiliated members, the FNV and Allies (FNV Bondgenoten) called on its members to reject the reform.  This union, mostly active in the industry, believes that doing “differently and better” is possible.  It calls for a reform more in depth, with the introduction, in pension funds, of a 20% safety ‘mattress’ for pensions to be paid, so pension funds are less vulnerable to external financial shocks – a risk “weighing on employees” according to the FNV and Allies.  The union thins that the Netherlands, where pension funds massively invest into global stock markets, aren’t safe from a new crisis, because of the situation in Greece.
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industry, believes that doing “differently and better” is possible. It calls for a reform more in depth, with the introduction, in pension funds, of a 20% safety ‘mattress’ for pensions to be paid, so pension funds are less vulnerable to external financial shocks – a risk “weighing on employees” according to the FNV and Allies. The union thins that the Netherlands, where pension funds massively invest into global stock markets, aren’t safe from a new crisis, because of the situation in Greece

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