On 21st August, ABP, the biggest Dutch pension fund (with two and a half million members, of which 500,000 have reached retirement age), set the cat among the pigeons. Whilst the political parties vied over reform projects to meet the growing cost of retirement, this pension fund comprised of civil service workers claimed that, on the contrary, no change was necessary. (Ref. 06808)
According to a report they have sent to Parliament, the current system will readily withstand an aging population without any need for a rise in the age of retirement or a lowering of pension levels paid. With 625 thousands euros already invested across a diverse range of pension funds, no special measure is necessary. Furthermore, the experts at ABP contest the calculations of the Central Planning Bureau (CPB). These suggest that “grey pressure” exerted by the financing of retirement will for
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