The Dutch tax authority ruined thousands of lives after using an algorithm to spot suspected benefits fraud — and critics say there is little stopping it from happening again.
Pension Policy International ((06.04.2022) On March 30, 2022 the Dutch government submitted draft legislation to reform the Dutch pension system, (the Bill) which is expected to come into effect on January 1, 2023. If the Dutch House of Representatives approves the proposal, it will go to the Senate where it is expected to pass. The deadline for transitioning to the new scheme is January 1, 2027 at the latest. This change will impact every employer with a pension scheme in place.
Willis Towers Watson (05.11.2021) A Senate-approved bill in the Netherlands provides both maternal and paternal paid leave for up to nine weeks after a child is born.
Rijksoverheid.nl (27.10.2020) Due to the corona measures, many events, such as music festivals and fairs, have been canceled. Companies and suppliers in the event industry are largely dependent on the summer months for their turnover. This fluctuation in turnover can cause a distorted picture when calculating the TVL. The cabinet is coming up with a one-off extra fee based on the TVL fee for the summer. It is expected to involve 800 event entrepreneurs, who will receive an average of around € 14,000. An amount of € 11 million has been reserved for this.
Rijksoverheid.nl (27.10.2020) Catering entrepreneurs have built up stocks that they can no longer use because of the temporary closure. They have also often invested in staying open in the winter in a corona-safe way, for example by covering their terrace. In addition to the Fixed Expenses Allowance (TVL), the cabinet is granting a one-off subsidy to compensate for these costs, of approximately 2.75 percent of the loss of turnover, an average of € 2500. Entrepreneurs can apply for the subsidy from mid-November via the TVL application. € 40 million has been reserved for this scheme.
Rijksoverheid.nl (27.10.2020) The Fixed Expenses Allowance (TVL) is intended to help entrepreneurs pay their fixed costs, such as rent, while much less money is earned. Until now, the TVL was limited to a number of sectors, but the cabinet has decided to temporarily open the TVL to all sectors. Not only companies directly affected will notice the consequences of the government measures, but also suppliers, the transport sector and food horticu
The government website (04.07.2020) The cabinet and social partners have reached final agreement on the details of the pension agreement. The new system will be more transparent. Workers and retirees gain a clearer insight into the accumulated assets. It also provides a realistic expectation and offers more prospects for a high-purchasing pension. The pension entitlements from the current system will be abandoned, thus eliminating the need for the use of actuarial interest and funding ratios. As a result, pensions and benefits can move faster with the state of the e
IPE (15.07.2020) Despite heavy opposition resistance against “breaking down the world’s best pensions system”, the Dutch parliament agreed yesterday to the switch to a new defined contribution (DC) contract which includes a lifecycle system and personal pension pots. However, many questions on implementation remain.
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