Pension Accord Spring 2010

4 June 2010 - In this Pension Accord, the employers federations and trade union federations, the social partners forming the Labour Foundation [Stichting van de Arbeid], set out the adjustments they agree are necessary for occupational pensions in the second pillar, for which they bear particular responsibility. This Agreement also contains proposals regarding the future stability of the related state pension in the first pillar. The social partners believe that significant changes are necessary in order to safeguard the sustainability of the entire Dutch pension system. The two pillars of the Dutch pension system are coordinated and must remain compatible in the future. The proposals for the near future – to have both the state pension and occupational pensions reflect the fact that the average Dutch citizen is living longer and to offer more flexible retirement ages in both pillars, and thus also with regard to the state pension – will ensure this.