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.
The HPF likes to communicate by e-mail with pensioners and former participants. Enter your e-mail address if you are a pensioner or former participant of the Heineken Pension Fund by scanning the QR code or by filling in our contact form.
There is a vacancy available in the Accountability Council (AC) of the Heineken Pension Fund (HPF) on behalf of the employer.
John Muller and Sjoerd Koornstra will step down from the Accountability Council on 1 July 2022.
