The policy funding ratio of 30 September 2021 is the basis for the decision to increase pensions. The policy funding ratio as of September 30, 2021 was 105.5%.

This is too low to be able to increase pensions according to the applicable regulations. In view of this policy funding ratio, the board had to decide not to increase the pensions per 1 January 2022.

You may have heard in the news that pension funds are allowed to increase pensions at a policy funding ratio of 105%. These are not yet existing regulations, which is why the pension fund cannot yet execute these rules. If an increase turns out to be possible, the board will assess whether the pensions can be increased.

Also read our blog: No increase in pensions per 1 January 2022