Monday, February 23, 2009

For Many, Pension Payments may be Reduced

A number of pension funds are concerned that hundreds of thousands of pensioners will receive lower pensions, as they do not have sufficient reserves. Jan Hein Donner, Minister of Social Affairs (Christian Democrats), says that all funds will be given five years to supplement their reserves which are below the present requirements. Those which cannot do so will have to increase their premiums or reduce the pensions in order to supplement their reserves.

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