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ING Bank: Proposal to change the PFI indexation measure

January 09 2024
ING

This message is in first agency of interest about this January who retired in the past to have built up at Pension fund ING (PFI). PFI is one Closed pension fund ever since 1 2014. Were you about this can time in service at ING, then you are participant at PFI. Proposed is around PFI pension scheme te modify. The Union lays this change up for your vote about this. Are you not participant at PFI because you on or after 1 20214 in service bent stepped at ING? De Unie is also curious to the opinion of the members. Then this is possible message toch important are. To the change of pension plan are namely conditions connected can Association to hold with the coming pension transition of beide pension plans (PFI and ING CDC pension fund) to de new pension legislation.

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Online Member meeting

Because did not everybody good home is in retirement, is organizing De Union an online membership meeting on Friday January 12, 2024.

Draft agreement

There is a draft agreement made between trade unions, employers NN and ING and PFI. This draft decision is coming on top down that we plan in the pension plan PFI with retroactive power, from 2022, the indexation about this workers te change to de price index (like gepensioneerden). In the current pension plan PFI is the wage index as the benchmark. A explanation can you here read.

To the change of indexation measure are also conditions connected can Association to hold with the coming pension transition in Association with the Law Future Pensions.
a. From pension contribution from ING remains in the new pension plan equal.
b. ING pays not additional contribution to the transition.

Background

So far the annual allowance at PFI did not about this everybody equal. Ordered before Attendees in service at NN or ING is de collective wage increase (collective agreement) followed, this is the wage index. The pensions of the non-active and of the most gepensioneerden Worden increased based on price inflation, with a maximum of 3%. PFI heeft end 2022 private to a additional allowance ( "indexation"). know at inactive people en gepensioneerden, because of de high inflation about 2022. This difference in indexation (8% about this gepensioneerden en inactive people vs 0% about this de workers) used to be cause about this Commitment partners to engage with PFI conversation te to go. Investigated is whether and how we do this difference undone could to make. Conclusion of study is that this, op short term, alleen possible is through retroactive power de indexation measure of workers te modify to price index. Ordered before PFI heeft de harmonization of the indexation measure as well others benefits. The way of index is zo about this Attendees in PFI equal en undesirable differences between Attendees Worden appearance. The performance is easier and the possible enter in the law future pensions more transparent.

Opinion January

This decision stands for a change of the pension scheme. Therefor is consent necessary of the members of the trade unions. The Union lays the decision to change of the indexation measure to be voted on about this to the members.  Because at this decision two businesses concerned are, NN and ING, moeten de union members at beide businesses agreement to go. So also if January active at ING to agree, is the possible given by harmonization of the indexation measure did not can continue to go, because at NN Tegen is voted.

Questions

De Union is organizing an online members meeting op Friday 12 2024, from 12.00 noon to 13.00 p.m. The members have received an invitation to this meeting. In this meeting questions can be asked. It intended decision heeft benefits (elevation of your pension accrual) but also possible cons† As the change once is implemented can not be purchased we later did not back to de wage index. Of course can you you asked questions also questions by sending an email send to: inge.de.vries@unie.nl

To vote

The members have received an invitation to vote. Voting is possible until January 18, 2024.

Contact

If you have any questions or comments about this message, please contact the representative, Inge de Vries, by email inge.de.vries@unie.nl

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