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Letter regarding contribution and increase
The letter regarding contribution and increase was sent this week. In the letter you will find the new contribution, information about changes to the pension scheme and an explanation of why your pension has not been increased this year.
Blog: No indexation per 1 January 2021
Alweer de laatste blog van 2020. Wat een jaar is 2020 geweest. Het Covid 19 virus heeft er flink zijn stempel op gedrukt tot en met de feestdagen aan toe.
Bijdrage zorgverzekeringswet
The statutory contribution under the Health Insurance Act (Zvw) increased to 5.7% in 2021. In 2020, it was 5.45%. The Health Insurance Fund (HPF) deducts the income-related Zvw contribution from your gross pension. As a result, your net pension in 2021 will be slightly lower. The maximum amount on which you pay the income-related Zvw contribution has also increased to €58,311. In 2020, it was €57,232. The deduction will therefore change even if your gross pension benefit remains unchanged.
Board vacancies for a pension beneficiaries representative: call for candidates
Per 1 november 2021 en per 1 januari 2022 zijn er vacatures namens de pensioengerechtigden in het bestuur. The pension fund is managed by a board consisting of eight members, two of which are board members representing persons entitled to a pension.
Change in the funding of pension accrual in the event of full occupational disability
As of 1 January 2021 a change will be made in the funding of pension accrual in the event of full occupational disability. As requested by the pension fund, the employer has paid a purchase sum for the pension accrual of those employees now suffering full occupational disability.
The employer will pay a risk premium for the future. This change in funding means that a provision can be built up, implying that the pension accrual for employees who are unable to work due to full occupational disability can be continued, also in the event that the employer is unable to pay the premium to the fund at any time in the future for whatever reason. Without this change in funding, pension accrual would terminate for employees with full occupational disability.
No increase in pension on 1 January 2021
At the end of September 2020 the policy funding ratio was 96.8%. This is too low for us to be able to increase pensions. The HPF has to base its decision on the policy funding ratio: the average funding ratio over the previous 12 months. The policy funding ratio determines whether we can raise the pensions (indexation) or must reduce them (cutback). Given this policy funding ratio there was no other alternative for the Management than to decide not to increase pensions on 1 January 2021. However, the financial position of our pension fund is still adequate not to have to cut back our pensions. Read more on this subject in our blog.
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