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The issue is not too complicated: a temporary situation (ECB intervention) is met with a permanent measure. According to OECD research and guidelines, that is bad governance. The situation is not too complicated either: a temporary addition to the discount rate, based on the estimated influence of the ECB intervention on interest rates.

Failing such kind of solution, the powers that be, forcing pension funds to write emergency plans, cut indexation and cut risk budgets are guilty of pension (capital) destruction. Their job is the opposite.