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
In 2024, we will have achieved a 12.6% return by investing the pension assets. With this result, we are in the top three of the more than 170 pension funds in the Netherlands that were surveyed by consultants from OverRendement and Bell.
We are expected to implement the new pension scheme from January 1, 2026. We are preparing for this, so that this transition is done carefully. For example, in 2024 we switched to a new pension administration system. In this administration system, we can administer our current and future pension scheme. In short: with this administration system we are ready for the future.
Your pension scheme will change from January 1, 2026. In the coming months, we will explain the new pension scheme to you in small pieces. This time: the change in the way we build up pension.