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Supreme Court pronounces on Article 30 AOP: a deficit must be covered, no matter the cause

May 2017 - Employment. Legal Developments by Claeys & Engels law firm.

More articles by this firm.

The Supreme Court ruled in a judgment of 6 March 2017 that the organiser of a pension promise must cover deficits of the vested reserves, as well as deficits regarding the minimum guaranteed return, no matter the causes of the deficits.

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