Jan-Pieter Jansen, a 77-year-old retiree from the Netherlands,
had high hopes for a worry-free retirement after having saved
diligently into a pension during his working life.
But Jansen, a former manager in the metal industry, has been
forced to reappraise his plans after receiving notice from his
retirement scheme, one of the Netherlands’ biggest
industry-sector funds, of plans to cut his pension by up to 10%.
Understandably, the news has hit like a sledgehammer.