Teacher and civil servant can whistle for indexation again

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Teacher and civil servant can whistle for indexation again

Although pension funds across the board have been in better shape in the past six months, this is still insufficient for ABP, the largest fund in the Netherlands. The pension fund for the more than three million participants has almost €540 billion in assets under management.

That is exactly enough to meet all current and future obligations, but the legally required buffer is missing. To be allowed to index, there must be €110 in cash for every €100 in liabilities – averaged over the last twelve months.

The government has promised that indexation is also allowed from an average funding ratio of 105%, but ABP will not reach that limit in December either, nor will three other large pension funds. Things look rosy for retirees in the construction industry: the average funding ratio of bpfBouw grew to 115.6% over the past twelve months. The chance that ABP will have to reduce the pension is nil because in December the pension fund is above the lower limit at which a fund should reduce the pension payment.

Teacher and civil servant can whistle for indexation again | Money
Source link Teacher and civil servant can whistle for indexation again | Money

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