Dutch Government Urged to Cut Uncertainty Over Pension Increases
04 May (PLANSPONSOREurope.com) – The Dutch government should reduce uncertainty around increases to the country’s state pension age, a spokesperson for APG has told PLANSPONSOR Europe.
Social Affairs Minister Henk Kamp has said the agreement worked out by unions and employers to increase the state pension age to 66 by 2020 should be put on hold.
The upper house of parliament will debate the measures on 15 May, but the plan has become redundant now the cabinet and three other parties have agreed the increase should be speeded up.
According to a report from DutchNews, Kamp is working on emergency legislation which will bring in the higher age limit in stages so it will be fully implemented by 2019 instead.
An APG spokesperson told PLANSPONSOR Europe that the organisation had witnessed an increase in queries from Dutch pensioners who have made use of the country’s early retirement provision: “People that have made use of the early retirement provision now feel that the pension age is raised sooner than expected and so will face a gap in income. We can’t answer them and can’t give them clarity because we don’t know ourselves because this is still very much in development.
“They don’t know when their early retirement runs out and when their actual pension date starts.
People call us and email us and behalf on the funds we have put a notice on their websites to address this question. Unfortunately we have to say we can’t give you any clarity because we don’t know ourselves.
“Until a definite date has been set, there is no clarity. That is something we encounter every day with pensioners.”