The Dutch Pension Federation has warned against “harsh laws and regulations” around provisions for bankruptcies, and recommended that pension funds report on behalf of affected members on this issue.

The federation explained that whilst employees have the right to request the Employee Insurance Agency (UWV) to reimburse pension funds for unpaid pension premiums if there are payment arrears, not all employees submit an application to the UWV, with pension contributions therefore not reimbursed.

Under the current rules, affected employees must report the payment arrears to the UWV for the reimbursements based on Articles 61 and 64(1)(c) of the Unemployment Insurance Act (WW) and of applying for premium transfer, with a form provided for this.

However, the federation warned that due to the language used, filling out this form can prove “unbridgeable”, with those who are not well-off financially the most affected by this issue as a result, despite the federation emphasising that “every euro counts” for these savers.

In light of this, the federation recommended that pension funds should instead report to the UWV on behalf of affected employees, as they will know which employees worked for these employers and the amount of the lost premium.

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