Changes to the pension system will lead to a 6% to 7% reduction in pensioners’ spending power, the government’s macro-economic forecasting body says in a preliminary report on pension reforms worked out by unions, ministers and employers.

But the difference will be much greater for people who choose to retire at 65 once the official retirement age is raised to 66 or 67, the CPB says.
General workers union Bondgenoten had claimed the changes could lead to a 15% of 25% drop in spending power for pensioners.
The CPB also says the agreement leaves many questions unanswered and youngsters will be hardest hit.
This is because the size of corporate pension payouts will be largely determined by stock exchange developments.
MPs from across the political spectrum also have questions about the deal, the Telegraaf reports on Monday.
In particular, the ruling Liberal party (VVD) is concerned that by allowing pension funds to draw up their own terms and conditions, it will be more difficult for workers who change jobs to move their pension to their new employer.