The employer wants to change the pension scheme; what is the role of the Works Council? Is the general pension fund a good option for us? The Works Council almost always has a right of consent on the changes made to a pension scheme. Especially with the current low interest rate, the costs of pensions quickly rise. For a lot of employers this is a reason to change the pension scheme. What are the possibilities? And how do you execute your right of consent in a right way as a Works Council? We make sure the Works Council properly understands the pension files and can therefore make an informed decision about whether or not to consent with a possible change of the scheme. Our strength lies in that we make complicated matters refreshingly simple.
The topic of pension has been in the news many times the past few years. The news items follow each other in rapid succession: low interest rates, disappointing investment results, the question of the durability of the current pension system, the rising life expectancy and the changing laws and regulations around pensions. Employees have questions about their pension and usually first come to you as a Works Council member. But how about your own knowledge about pensions?
In a session, we talk you through all of the developments and the impact of these on the pension scheme.
For a Works Council, pension matters are often not daily business. If an employer changes its pension commitment, they are required to run this by the Works Council for consent. OR Pensioen supports and advices you in testing the consent or advice request.
This advice is as extensive as the Works Council would like it to be. A quick-scan of the employer’s proposal lies in the scope of possibilities, but also assembling and executing a survey for your constituency is part of our work. We also advise and support in creating a counterproposal and negotiating about this. Naturally, all of this work is tailor-made to your needs and wishes, because no single one consent process is similar.