Pension increase by 3.42% and change pension regulations

6 July 2022 | News

The board of the HPF has decided to increase the pensions by 3.42% as of 1 July 2022. This percentage is equal to the maximum surcharge that we can grant, which is the increase in consumer prices (based on the price increase from October 2020 to October 2021). We can execute this increase because the government has temporarily changed the rules for pension increases. As a result, pensions can already be increased at a policy funding ratio of 105%. These rules have been implemented in anticipation of the new pension system and included in the pension regulations as of 1 July 2022.

The board of the HPF has decided that a maximum increase will be given. Part of the assets of the HPF is used to increase the pensions of participants, former participants and pensioners. This is in line with the pension increase policy and the strategy of the HPF for future pensions. And sufficient capital remains, not only for the future pensions of all generations, but also for a smooth transition to a new pensionsystem.

All (former) participants and pension beneficiaries of the HPF will shortly be informed about this.

Please note: The increase per 1 July 2022 is first received with the pension payment of August 2022. The increase in August therefore also includes the increase of July 2022.

Long-term generation effects of indexation

The long-term pension results are slightly lower for the younger participant due to the extra increase. In terms of pension result, older participants benefit by a maximum of approx. 2,5% in relative terms.

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