ING and Dutch trade unions have reached a negotiated outcome for a collective labour agreement (CLA) for 2018. If the members of the trade unions agree, the pensionable age will be kept at 67 years for the period after 1 January 2018. The pension accrual rate will be lowered to 1.738%.
ING and Dutch trade unions CNV Vakmensen, FNV Finance and De Unie have reached a negotiated outcome for a new ING CLA. The outcome impacts 14,000 ING employees in the Netherlands and focuses on craftsmanship, vitality and prospects for work. The pensionable age will be kept at 67 years, but the pension accrual rate will be lowered from 1.875% to 1.738%.
Next steps
In the forthcoming weeks, the trade unions will consult with their members with regard to the outcome. If they agree, the negotiated outcome will be become a final outcome. The employer will request the management board of ING CDC Pensioenfonds to administer the modified pension plan. The fund will review whether the pension plan is financially feasible, justifiable and suitable for administration.
More information
The fund’s website and digital newsletters keep you informed of the developments and effects on your pension. If you have questions, please contact our Pension Desk.
