Bankrupt electronics chain BCC has not paid the pension contributions of nearly a thousand employees for a year. This was confirmed by CNV director Leon van der Elsen following a report from RTL Z. According to the private pension fund, the fund said employees had nothing to worry about when asked this afternoon.
“There is a significant gap in outstanding premiums,” says van der Elsen. “This gap is estimated to be one year. In fact, it affects both the employer’s share and the employee’s share. “The remaining part is deducted from salaries but is not paid to the pension fund.”
How can a company not pay pension contributions for a year? This should ring alarm bells for the pension fund. Pensioenfonds Retail trade spokesman says this is indeed happening.
“The Private Pension Fund reached a payment agreement in consultation with the BCC. And the chain stuck to that agreement, right up to the point of bankruptcy. Participants do not need to worry about retirement provisions. “This has no consequences for employees.”
unusual
According to the CNV manager, it often happens that pension contributions are no longer paid when bankruptcies approach. “This sometimes happened in the taxi industry as well. But one year is a bit of an exception. In any case, the curators were surprised.” They could not be reached for comment this afternoon.
Van der Elsen says BCC would later be reprimanded by the trustees: “But right now they have other things to worry about.” But the consequences for staff are likely to be limited: pension provider in case of insolvency. UWV guarantees unpaid pension contributions for up to one year in most cases.
media market
It was also announced today that Media Markt will take over eight BCC branches. This affects BCC branches in Amsterdam, Barendrecht, Beek, Beverwijk, Delft, Hilversum, Nijmegen and Zoeterwoude. It is not yet clear whether the employees of the above-mentioned branches will transfer to Media Markt.
BCC, which had a total of 58 branches, went bankrupt in September. The company suffered significant losses and was affected by the recession in the consumer electronics market. At the same time, costs have also increased.
Source: NOS
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
