Pension funds that are currently in poor shape can request a year's postponement in order to improve their financial position. They do have to show how they intend to improve their financial situation. This involves looking closely at the interests of all members and pensioners. Through this temporary measure, the Minister is creating the time and scope that many pension funds need in the coming year in order to make preparations for the pension agreement.
Fortunately, PDN's financial position has improved slightly in recent weeks, partly due to a slight rise in interest rates and high returns on investments. As a result, the risk of PDN having to reduce pensions in 2020 has now been considerably reduced.
The Board of PDN will discuss what the temporary measures proposed by the Minister mean for PDN at next week's Board meeting. We’ll keep you informed.