Influence of corona on the pension

24 April 2020 | News

Rumors circulated in the media that several pension funds would not pay a survivor’s pension if members of the coronavirus die. We would like to emphasize that this is not the case with the HPF. If a (former) participant dies from the consequences of the corona virus, we will pay the survivor’s pension as usual. Even if the deceased participant has been in a risk area.

Furthermore, it is possible that the average life expectancy will decrease due to the many deaths in our country. This does not yet have any direct consequences for pensions.

It is possible that, due to the many corona deaths, the average life expectancy will decrease. Life expectancy and mortality rates influence, among other things, the determination of the retirement age and the level of the premium. The Royal Dutch Actuarial Society has published a first message about this on its website.

At the moment, too little data is available to make any statements about the long-term consequences of the corona crisis on life expectancy.

It goes without saying that the effect of the economic problems caused by the corona crisis is many times greater than the effect of the possibly changing life expectancy.

 

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