COVID crisis-related assistance for employers with pension provision in the Netherlands: what is available?

Employers in the Netherlands suffering from the effects of the COVID-19 crisis are entitled to assistance in managing their pension liabilities. This article provides details. At the very beginning of the COVID crisis in March, it was announced that pension providers would accommodate employers facing financial problems due to the COVID crisis as much as possible. The Dutch Labour Foundation, the Pension Federation and the…

Belgium: New pension matter

The Supreme Court ruled in a judgment of 6 March 2017 that the organiser of a pension promise must cover deficits of the vested reserves, as well as deficits regarding the minimum guaranteed return, no matter the causes of the deficits. Article 30 of the Act of 28 April 2003 on Occupational Pensions (“AOP”) states that an organiser must cover deficits of the vested reserves,…