Court Supports Transition to New Pension System in the Netherlands
The Rotterdam court ruled that the transition to a new pension system will proceed without delay, rejecting a request from a retired harbor pilot for a two-month postponement. The pilot, concerned about the adequacy of time to assess the impact of the changes, saw his pension set to increase by 8% in January. The new system, affecting millions of pensioners, aims to align pensions more closely with stock market fluctuations. The pension fund expressed relief over the ruling, emphasizing the importance of the timely transition.