Two million Dutch could see pension cuts

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If interest rates remain as low as they are now, two million people could see pensions cuts next as early as next year, the Federation of the Dutch Pension Funds warns.

The Federation oversees 350 pension funds. Interest rates, a spokesperson explained, are at an historic low currently and if they don’t go up by the end of the year, when they are actually paid out, yet more pension funds could be in trouble. The Federation says it does not want draw premature conclusions but it does question whether today’s low interest rates really reflect actual market developments.

© Radio Netherlands Worldwide

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