NETHERLANDS- ING Group plans to contribute €1.8bn into its pension fund, nearly triple the amount it contributed in 2008.
The Dutch government requires pension funds to be 105% funded, but ING's contributions will bring the funding levels to 107%, she said.
Separately, officials at the firm have asked 1,200 member of its senior management to return 2008 bonuses.
Company officials have put out a "moral call" to management to voluntarily return their bonuses.
The firm issued a total of €300m (US$405.1m) in bonuses in 2008 split among 40,000 employees worldwide, said van der Giessen. She said the company already cut the amount of bonuses by 50% this year.
The firm uses three criteria to determine whether or not to offer bonuses- officials consider the group performance, business line performance and individual performance.
In this case, she said, there were some individuals who qualified for bonuses.
ING said it is also re-evaluating its bonus structure for the future. Under the new rules, which are still being finalized, the company will not pay bonuses if ING experiences an overall loss, said van der Giessen.
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