News

NN CDC Pensioenfonds’ funding ratios as at 31 August 2019 are known. The funding ratio is 105% and the policy funding ratio is 112%.

(original publication in Special July 2019) Market interest rates have been low for years, and over the past quarters they have declined even further. This means the risk that NN CDC Pensioenfonds will need to lower or cancel indexation and/or cut back future pension accrual has grown. This article explains why.

The financial results of the second quarter of 2019 are available. The total return on investment was +6.5%. The funding ratio was 109%, a decrease of 3% compared to the first quarter. The policy funding ratio was 114%, a decrease of 2% compared to the first quarter.

NN CDC Pensioenfonds’ funding ratios as at 31 July 2019 are known. The funding ratio is 107% and the policy funding ratio is 113%.

The social partners (NN Group and the trade unions) have agreed on the terms of a new pension plan. If you are currently a participant of NN CDC Pensioenfonds, the new pension plan will apply to you as from 1 July 2019. For employees participating in Pensioenfonds Delta Lloyd, the transition will take effect on 1 January 2020. From that date on, all employees will be participants of the new pension plan managed by NN CDC Pensioenfonds.

The summer edition of NN CDC Pensioenfonds’ digital newsletter ‘Special’ has been published. The Special reports e.g. on the new pension plan and on how low market rates affect pension. Frequently asked questions are answered like ‘Early retirement: will it gain or cost you?’. The Special also brings an interview with new board member Ingmar Minderhoud and the annual report 2018 in brief.

NN CDC Pensioenfonds’ funding ratios as at 30 June 2019 are known. The funding ratio is 109% and the policy funding ratio is 114%.

If the new pension agreement, recently negotiated by the Dutch government, employers and trade unions recently agreed a slower rise of state retirement age.

Do you work at NN Group, are you receiving pension or are you incapacitated for work? In June, important personal pension information has become online available. The information contains the Uniform Pension Overview (UPO) and an accompanying letter.

NN CDC Pensioenfonds’ funding ratios as at 31 May 2019 are known. The funding ratio is 109% and the policy funding ratio is 115%.