‘Pension Premiums to Climb 14 Percent in 2015'
THE HAGUE, 02/10/13 - Pension scheme participants will from 2015 pay 14 percent more in premiums for their pension provisions from 2015, according to calculations by pensions advisor Mercer.
Under the cabinet’s pension plan, the annual pension build-up will come down in 2015 from 2.25 to 1.75 percent. This should actually result in much lower pension premiums, according to Finance State Secretary Frans Weekers.
"If pension funds make maximum use of the fiscal scope, the premium would come down by 23 percent,” Mercer confirms. However, against this, pension funds have to conclude new pension contracts with their participants from 2015, as a result of which the premiums will go up.
The funds can then opt for a so-called nominal or a real contract. In the latter case, the pensions are indexed and the chances of maintaining purchasing power are greater. But because of this, the funds will have to raise the premiums sharply to attain the desired end-capital. “Because of the premium increase, the effect of the savings will disappear completely,” according to the pensions advisor.