If our financial situation is not good enough, we have to make a recovery plan. This sets out how we will become financially healthy again within 10 years. This can be done, for example, by not allowing pensions to grow in line with wage or price increases during these 10 years.
It may happen that despite all the measures taken, Nedlloyd Pension Fund will still be short of money to pay all pensions in the long term. Then something has to be done. The pension administrator has the task of weighing the best solution as carefully as possible: not granting a supplement or reducing the pension accrual. The board can also opt for a combination of measures or make other choices. In extreme cases, Nedlloyd Pension Fund may decide to reduce your accrued pension or pension benefit.