One of the Netherlands' pension funds has warned that it will slightly increase the premiums that future retirees are paying, and current pensions will only be partially indexed to inflation. The returns on the funds' investment are financing the pensions of some 2 million people.
The Z&F fund says that its announcement is in response to the report of the independent Goudswaard commission, which says that the current system of fund-based pensions cannot be maintained unchanged in the long run.
Z&F said that its earnings have improved, enabling it to theoretically cover 108 percent of its pension expenditure, which is way above the legal minimum of 105 percent.
More about the costs of Dutch pensions
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