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‘Unfindable’ pensioners are entitled to hundreds of millions of euros | NOW

Hundreds of millions of euros of ‘untraceable’ pensioners remain with pension funds. Pension fund ABP confirms this on Saturday after reporting from The Telegraph

These are people who are entitled to a pension, but who have not applied for it. As a result, the pension cannot be paid out. Pension funds try to get in touch with them.

For example, the ABP civil servants’ fund does not know the address details of nineteen thousand pensioners, partly because they have moved to live abroad. There is still 300 million euros ready for them. Per person this is an average of almost 16,000 euros.

The ‘untraceable’ pensioners are people who, for example, have worked as a student assistant during their studies and have thus built up a pension, but do not know that they are entitled to benefits.

ABP, the largest pension fund in the Netherlands, says it is doing everything it can to find people. “Employees have saved up for this. They are simply entitled to it,” says a spokesperson.

An external agency previously found two thousand participants, according to a spokesperson.

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