Common Contracts
1 similar Pension Scheme Agreement contracts
New pension scheme agreement reached for ground staff KLM, KLM Ground pension fund now also a Defined Contribution SchemePension Scheme Agreement • June 11th, 2021
Following the earlier conversion of KLM pension schemes into collective defined contribution schemes for Cockpit and Cabin staff in 2017, now also an agreement has been reached for the KLM Ground staff fund. This implies that all major KLM pension funds now (finally) have a collective defined contribution scheme. This will lead to more predictable annual contributions and less volatility on the Balance Sheet. A shift fully in line with the general trend in The Netherlands.
