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.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.