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
We look back on three days of great conversations and informative webinars in which we took a total of 341 live viewers through the transition to the new pension scheme. We have noticed that pensions are not an issue for everyone, but when we talk to colleagues, questions do arise.
The new pension scheme is a solidarity-based contribution scheme. An important and mandatory element of this scheme is the solidarity reserve. The solidarity reserve is a separate reserve that protects the pension benefits. The solidarity reserve has two objectives:
On November 12, 13 and 14 the annual Three Days of Pensions will take place. During these three days, we will organise various (online) activities where we will tell you more about the pension scheme we have at HEINEKEN and the upcoming changes to the pension scheme and what this means for your pension at HEINEKEN.