We invest for the long term
16 April 2025The import tariffs announced by the United States caused declines on the stock markets. Many reports about this appeared in the news last week. We can imagine this raises questions.
Pension scheme in the new pension system: solidarity reserve
29 October 2024 | NewsThe new pension scheme is a solidarity-based contribution scheme. An important and mandatory element of this scheme is the solidarity reserve. The solidarity reserve is a separate reserve that protects the pension benefits. The solidarity reserve has two objectives:
- Protecting pension benefits from decreases
By making use of the solidarity reserve, we can ensure that pension benefits do not fall (too much) in bad years. - Protecting against longevity risk, the risk that individuals will live longer than expected
For example, it may happen that you become older than we have taken into account in our calculations beforehand. This would then lead to a lower benefit because we would have to pay out your pension for a longer period. But even then, we don’t want your pension to be (much) lower. Other changes in accounting policies may also have an impact on the height on pensions benefits. With the solidarity reserve, we ensure that your pension does not become (much) lower.
The social partners have agreed that the solidarity reserve should be 7.5% at the start of the new pension scheme. This seems to be high enough to prevent pensions from dropping in a year. Each year, 20% of the reserve can be used to supplement pension benefits up to the level of the previous year’s pension benefit. In this way, we can absorb several bad years. This reduces the chance that the pensions of pensioners will be reduced in a year.
All information about the new pension scheme and the (summary of the) transition plan can be found here
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