Since January 1, 2026, the Heineken Pension Fund has operated a solidarity defined contribution pension plan. Your personal pension capital moves in line with economic developments. You can track the development of your pension in My Pension.

The pension plan also provides protection for you and your dependants in the event of illness, disability or death.

HEINEKEN and the trade unions agree the pension plan

The pension plan is agreed between HEINEKEN and the relevant trade unions. Together, they are referred to as the social partners.

For employees who are not covered by a collective labour agreement (CLA), the Works Council is involved in discussions about the content of the pension plan.

The pension fund implements these agreements. The arrangements between the pension fund and the social partners are set out in the Implementation Agreement. The arrangements between you as a member and the pension fund are set out in the Pension Regulations.

What pension benefits are provided under our pension plan?

The pension plan includes:

• an old-age pension;

• a partner's pension for your partner, if applicable;

• an orphan's pension for your children, if applicable; and

• a disability arrangement under which contributions to your pension continue to be paid if you become disabled.

When you retire, you can make a number of choices. For example, you can choose when you want your pension to start.

All details of your pension are set out in the Pension Regulations.

What is not provided under our pension plan?

The pension plan does not include an additional disability benefit.

How investing works in the pension plan

We invest the personal pension capital of all active members, former members and pensioners.

Investing is important because part of your pension is financed by investment returns. The main principles are:

1. We invest on your behalf, so you do not have to make investment decisions yourself.

2. Our investment policy takes account of different age groups. When determining the investment strategy, we consider the results of research among everyone who has a pension with us, as well as academic research.

3. The older you are, the lower the investment risk we take with your pension capital.

4. When investment returns are allocated, we take age into account. Older active members, former members and pensioners are partly protected against the negative effects of changes in interest rates.

5. Through investing, the pension fund aims to continue paying pension benefits in the future and, where possible, to increase them. However, investing also involves risk. In extreme circumstances, pension benefits may decrease.

More information about investing can be found here.

The results of our investments will soon be available on the website.

Personal pension capital

Your personal pension capital is the part of the pension fund's total assets that is allocated to you.

The amount changes as a result of:

• contributions paid while you are employed by HEINEKEN;

• contributions paid while you are disabled;

• positive or negative investment results allocated in accordance with the rules of the pension plan; and

• costs and actuarial assumptions.

Personal pension capital when you retire

When you retire, an old-age pension and a partner's pension are included by default.

Click here for more information if you are approaching retirement.

Your pension benefit is paid monthly from your personal pension capital.

The amount of your pension benefit is determined each year in November. At the beginning of December, you will be informed of the pension benefit that will apply from January 1, of the following calendar year.

This amount then applies for the entire calendar year.

Click here for the pension payment dates.

Your pension benefit is determined every year

The amount of your pension benefit depends on your personal pension capital.

Your personal pension capital, in turn, depends on economic developments.

The pension plan provides that your pension benefit is determined each year based on the following principles:

1. Your personal pension capital.

2. Positive or negative investment results.

3. Investment results are allocated to your personal pension capital in accordance with the pension plan.

4. Financial gains and losses are not allocated all at once but are spread over a period of three years to limit fluctuations in pension benefits.

Each year in November, we determine all pension benefits that will apply from January of the following year for the entire calendar year.

As a result, the amount of your pension benefit may change from year to year.

More information about the annual adjustment of pension benefits will be available here soon.

The reserve

To help absorb possible reductions in pension benefits for pensioners, we maintain a reserve. This is known as the solidarity reserve.

The solidarity reserve applies to:

• old-age pension;

• partner's pension; and

• orphan's pension.

The purpose of the reserve is to help prevent pension benefits from decreasing, both now and in the future. However, even with this reserve, pension benefits may still be reduced.

The reserve is a separate pool of assets that we maintain to limit reductions in ongoing pension benefits as much as possible.

When economic conditions are favourable and investment returns are positive, part of the investment return is used to replenish the reserve.

When economic conditions are less favourable, we may use money from the reserve to support pension benefits for pensioners. This helps to prevent reductions in current and future pension benefits.

If the reserve is insufficient, pension benefits may have to be reduced.

More information about the reserve can be found here and in the Pension Regulations.