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NN Group: Negotiations collective labor agreement and pension

Negotiations took place again on 6 and 7 November 2018. Below is the report of the negotiation on 6 and 7 November. We have talked almost exclusively about pension. There is now a blueprint for a new scheme. De Unie is not yet satisfied with this blueprint.

What does the blueprint entail?

There are always a number of important points in a pension scheme. We have talked about this for a long time. Below are the important points. To avoid misunderstandings: no decision has yet been taken on a new pension scheme.

  • A fixed annual premium percentage of 30% of the pension basis.
  • A transition year in 2019, a new scheme that will take effect on January 1, 2020.
  • The retirement age will be 1 from 2020 January 68.
  • From 1 January 2020, the employee will accrue 1,875% pension annually.
  • We want to make regular indexation / supplement possible.
  • In 2020, the employee's contribution will increase to 7% of the pension basis (This is now 6%).
  • In 2021, the employee's contribution will increase to 7,5% of the pension basis.

A premium percentage of 30% of the pension basis is lower than the current pension premium at NN. If we continue the current pension agreement unchanged, the pension fund will need a contribution of 2019% of the pension basis in 36,1. If the pension premium is 6,1% lower, then we will have to make cuts in the pension scheme. This means that we will probably have to convert (part of) the survivor's pension to insurance on a risk basis. The former Delta Lloyd employees now have a survivor pension scheme on a risk basis. If we change the pension scheme, this only applies to the new accrual. The employee does not lose any of the rights in the survivor's pension or the retirement pension that has already been accrued.


The blueprint is now being calculated. Parties to the collective labor agreement have asked NN's pension fund to determine whether the blueprint can be converted into a realistic scheme. This means that we want to know whether the scheme can achieve maximum tax accrual of the employee's pension. And we want to know if regular indexation is likely.

View from De Unie

There is a pension premium of 30%, with employees paying a higher personal contribution from 2020. This is a major saving for the employer.
For the employee, this will be a worse pension scheme than the pension scheme that currently exists.
The employer has made it clear that it will not negotiate a higher pension contribution. That is why we calculate the consequences for employees if we convert the blueprint into a pension scheme.

Salary structure

The employer still adheres to a pay line based on the median of the General Market. The employer proposes an increase of this salary line of 2,5%. But that money comes from converting the VIC.

As a De Unie would agree with the median General Market this would mean the following.
(We are still working with the figures for April 2018. The figures are therefore a bit too high). In the current situation, 4221 employees are above-scaled or at their maximum scale, i.e. 2393 employees with an NN contract. And 1828 employees with a Delta Lloyd contract. If the employees who are exactly on their maximum scale are subtracted, then it concerns 1248 NN employees and 637 DL employees.

Due to the division in the new job classification system, the redundancy rate falls from 4221 to a total of 3159 employees. The salary line proposed by the employer on the basis of the General Market ensures that the upper scale will rise again to 4948. If the salary line of the General Market is followed + 2,5%, the upper scale will decrease somewhat again. We will receive the figures for this in the following meeting. De Unie finds it very important to make good agreements about how NN deals with superscale. This has been discussed, but we have not decided yet.


In the next meeting we will continue with all the technical points. Then we have to consider what the next topic will be. This will be planned each time. There are no points of agreement yet. So all points come back. Furthermore De Unie asked what the employer is willing to give to a salary increase. NN-Group makes this dependent on the ultimate pension scheme. The next meeting is on November 16 2018.

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