ABP calls for change to funding ratio calculation to prevent pension cuts
By Tjibbe Hoekstra2021-01-22T10:08:00+00:00 The Netherlands’ largest pension fund ABP has called for a change in the way pension schemes’ funding ratios are being calculated in order to prevent having to cut pensions in the run-up to the transition to a new defined contribution (DC)-based pension system. The president of the €493bn civil service scheme’s board of trustees, Corien Wortmann, said she wants the actuarial interest rate that is being used to calculate pension liabilities to reflect expected investment returns. In practice, this would mean the actuarial interest rate woul...
Source: ipe.com