Fourteen Dutch pension funds are to cut payouts to pensioners this year after failing to boost their assets sufficiently, Nos television says.

The biggest losers are people with a pension from business consultancy Capgemini which is warning the cut may be as much as 10%, Nos says. Capgemini already reduced its Dutch pensions by 7% last year.

Engineering sector fund PME said earlier on Wednesday it would cut its pensions by 0.5% this year, following a 5.1% cut in 2013.

Pension funds were supposed to brief the central bank on their plans on Wednesday.