The current funding ratio at the end of February 2023 is 132.3% (year-end 2022: 128.9%).
The current funding ratio represents the ratio between liabilities and assets of the HPF at a specific point in time.
The policy funding ratio will be 139.4% at the end of February 2023 (end of 2022: 137.7%).
The policy funding ratio is the average of the current funding ratios over the past 12 months. The level of the policy funding ratio at the end of September determines whether the HPF can increase the pensions (grant a supplement).
The pension fund is managed by a board. The board consists of eight board members, two on behalf of the pensioners. The representatives of pensioners are elected by the pensioners. As of November 1, 2025, there will be a vacancy on behalf of the pensioners on the board, this concerns also the key function holder for risk management.
The first half of 2025 is over and we would like to look back on the year 2024 with you. In our Annual Overview 2024, we have outlined the most important facts and figures.
As of January 1, 2026, we will probably switch to the new pension scheme. We have listed what will happen to pensions at HEINEKEN as of January 1, 2026.