It is important that there is also a benefit for your partner and children in the event of your death. A situation you'd rather not think about, but it's very important to have something arranged.In the new pension scheme, your partner will receive a benefit every month for as long as he or she lives. This is the same as now. As long as you accrue pension with us, there is a partner's pension for your partner. This amounts to 35% of your salary. There is also a monthly benefit for your children if you die. As long as you accrue pension with us, your child will receive an orphan's pension until he/she reaches the age of 25. The amount of this orphan's pension is 20% of the salary. The salary for these pensions are capped (€137,800 in 2024). The new pension is higher than in the current pension scheme.It does not matter how long you have been a member in the pension scheme. However, the schemes will stop if you no longer accrue pension with us.

The day you retire may be many years ahead of you. Nevertheless, it is good to regularly check your pension. Will you get enough pension later? Or what does it mean to stop working earlier? With the new Pension Checker app (IOS or Android) you will immediately get an answer to these questions. Checking your pension has never been so easy. Are you divorced, have you increased or decreased your working hours, or have you lived abroad for a longer period of time? This affects your pension. See how you are doing with the new Pension Checker app. A quick insight into your income later. 

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 indexationThe 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.

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:Protecting pension benefits from decreases By making use of the solidarity reserve, we can ensure that pension benefits do not fall (too much) in bad years.Protecting against longevity risk, the risk that individuals will live longer than expectedFor example, it may happen that you become older than we have taken into account in our calculations beforehand. This would then lead to a lower benefit because we would have to pay out your pension for a longer period. But even then, we don't want your pension to be (much) lower. Other changes in accounting policies may also have an impact on the height on pensions benefits. With the solidarity reserve, we ensure that your pension does not become (much) lower.The social partners have agreed that the solidarity reserve should be 7.5% at the start of the new pension scheme. This seems to be high enough to prevent pensions from dropping in a year. Each year, 20% of the reserve can be used to supplement pension benefits up to the level of the previous year's pension benefit. In this way, we can absorb several bad years. This reduces the chance that the pensions of pensioners will be reduced in a year.All information about the new pension scheme and the (summary of the) transition plan can be found here

The pension funds of the Netherlands are telling on Instagram and Facebook about pension accrual in the Netherlands and what the benefits are. Follow the 'Pensioenfondsen' accounts there and you will get short, powerful information about some important facts. For example, do you know how many times the pension premium you pay is refunded to you when you retire? Or do you know what happens with the money that pension funds earn on the investments they make? You can read that on the website www.pensioenfondsen.nl, an initiative of the pension funds of the Netherlands.

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.How does it work nowYou are now accruing a pension entitlement. This is a right to a pension amount that you receive monthly when you start your pension. This is about to change.How will it work in the futureAs of January 1, 2026, all pension entitlements – whether you work at HEINEKEN, have worked at HEINEKEN or receive a pension – will be converted into a personal capital for pension: your personal pension pot. From this capital, you can purchase a monthly pension.If you work, you build up this capital for pension by paying contributions. This pension pot is supplemented by the return we achieve by investing the pension contributions. You can use your pension pot to purchase a lifelong pension. The pension may vary slightly from year to year because it is increased or decreased by returns, but your pension pot will never run out. That risk is covered jointly with the pension fund.In the following video, Rogier Bouwman, chair of the board, tells you more about the new pension scheme. Interested to hear more? Under the video you find a link to the webinars of November 2024. Learn more Read (the summary of) the transition plan here. This contains the agreements that the social partners have made with each other about the new pension scheme.In November 2024, we outlined in a webinar what will change in the pension scheme. Watch the recording here.Keep an eye on this page on our website, here you will find all information about the switch to the solidarity contribution scheme.  

Retirement seems far away for many people. However, retirement is closer than you think. Suppose you get a new job, start living together/marry, have a child, break up or unexpectedly have to deal with a death in your family. These life events can have direct consequences for your pension and also for your partner's income. Retirement is therefore important throughout your whole life. Wijzer in Geldzaken (Money Wise) has an overview on its website containing the most important events. There is also a short animation (only available in Dutch).

Pensioners receive a monthly pension benefit from the pension fund that was paid before from an ING bank account. As of July 15, 2021, the pension will be paid from a BNP Paribas-Bank account. The pension itself does not change due to this change.

The Heineken Pension Fund wants to communicate digitally as much as possible. Not only is this cheaper and more direct than on paper, but it also limits unnecessary use of raw materials.Message BoxWe send our most important letters, like the annual pension overview and the contribution and increase letter, via the Message Box of MijnOverheid.nl. Pension funds may use it for their legally required communication. Are you still not receiving any communication from us via the Message Box? Create an account on MijnOverheid.nl with your Digid and/or add the Heineken Pension Fund as an institution that may contact you via the Message Box.Communication via Workplace and by emailWe also communicate with HEINEKEN employees on Workplace and by email. For this we use the HEINEKEN e-mail address. When you leave your employment or retire, you will no longer have a HEINEKEN e-mail address, but we would of course like to keep in touch with you by e-mail. So, if you leave employment or retire, please register with your own email address on our contact form for digital communication.Bundling communicationThe HPF considers sustainability important. Where digital transmission is not possible, we try to bundle our communication as much as possible. For example, we sent the annual statement and the pension overview for pensioners together this year. On the other site, we hope to increase the impact of the letters by limiting the number of moments of communication. But in this way we also save costs and use less raw materials. Of course we use eco-friendly envelopes.

The Heineken Pension Fund executes your pension scheme. The pension fund uses several means of communication to communicate with you and the other participants. It is important for us to know what you think of our communication. We therefore invite you to complete the survey!Participants who accrue pension with us will be contacted by e-mail with the request to complete the survey.Former participants and pensioners will be contacted by letter with a request to complete the survey via https://hpf.digitalestemming.com/login

In consequence of the CAO (Collective Bargaining Agreement) consultation, as of 1 January 2020 a change will be made to the pension schemes with regard to one-off indexation compensation payments that were pensionable and the accrual of pension by partially occupationally disabled persons.As of 1 January 2020, the one-off assessment CAO 1-7 and Eind RSP 16-25 allowance is no longer pensionable. Also, as of 1 January 2020, the regulations include the ruling that pension accrual during a period of occupational disability will not be adjusted. Franchises and (fiscal) limits have been updated per 1 January 2020.The most important alterations regarding franchises and limits are shown below:- Pension franchise*: € 15,178 (2019: € 14,770)- Contribution franchise**: € 14,171 (2019: € 13,790)- Maximum pensionable salary on an annual basis: € 110,111 (2019: € 107,593,-)- Commutation limit for small pensions: € 497.27 (2019: € 484.09 Changes in contribution per 1 January 2020 were set out in the newsletter of December 2019.See the Pension Scheme Rules and Regulations for this year * The pension franchise is that part of the pensionable salary not taken into account when determining pension entitlements.** The contribution franchise is that part of the pensionable salary not taken into account when determining the member’s and the employer’s contribution.

It is possible that you will receive the pension specification a few days later than you are used to. You will of course receive your pension on 15 August.Choose digital or regular mailYou can also choose to receive pension specifications by e-mail. If you are not yet registered for digital communication but would like to receive digital communication in the future, you can register through our contact form.

In this news item we inform you about the investment result of Heineken Pension Fund in 2022. Research by consultants Bell and OverRendement has shown that our pension fund achieved the best investment result in 2022 of all pension funds in the Netherlands. In 2021 we were also in the top two pension funds with the highest returns.Investments in 2022In 2022, the Heineken Pension Fund achieved a return of -9.4% on its investments. That is a negative return, but this is still a good result. The explanation: Due to the rise in interest rates, the pension commitments we have as a Heineken Pension Fund have decreased. These commitments have decreased more than the assets of the pension fund due to the investments. As a result, the funding ratio has increased. Almost all pension funds in the Netherlands have achieved a negative return in 2022. Due to the investment choices we have made as a pension fund, this has had fewer consequences for us than might be the case for other pension funds.What is a funding ratio?The funding ratio reflects the financial situation of the pension fund. It is the ratio between the assets of the fund and the pension commitments. A funding ratio of 100% means that the assets are equal to the pension commitments. The higher the funding ratio, the healthier the fund. Here you will find more information about the funding ratio at Heineken Pension Fund.

Your regular pension scheme includes a supplement to the partner's pension that has commenced. This supplement will change as of January 1, 2022. The supplement to the partner's pension that commenced ran until the applicable state pension age at the time of granting. However, the partner's state pension age may be different, as the state pension age is currently increasing. To ensure that the end date of the supplement is in line with the state pension age, the supplement will give a supplement until the actual state pension age from 1 January 2022.This change will not apply to benefits that commenced before 1 January 2022.

Tuesday 7 to Thursday 9 November 2023 are the annual Three Days of Pension. During these three days, there is national extra attention for pensions. The Heineken Pension Fund is also participating and are asking for extra attention for pensions during these three days.See how your pension is doing on www.mijnpensioenoverzicht.nl (log in with eIDAS).What do we do during the Three Days of Pension: Call in during one of the three webinars via Teams. How does pension work in the Netherlands? What does the Heineken pension scheme look like? What can you do for your pension and when should you take action? The pension system is going to change, what does that mean? And ask your questions via chat (registration for the webinars is not necessary).Tuesday November 7, 9.00 – 9.45 a.m. (Dutch)Wednesday November 8, 12.00 - 12.45 p.m. (Dutch)Thursday November 9, 10.30 - 11.15 a.m. (English)Do you have a question about your pension? Call or email us. We are happy to help you!PILOT: Ask your question about pension via WhatsApp! Send a WhatsApp message with your question to 0031 6 57 20 89 37. And receive a quick reaction. On the internal TV screens, you can see some statements about pensions (in Dutch). What do you think: is the statement true or false? During the Three Days of Pension you will find the answer on our website.Visit our website www.heinekenpensioenfonds.nl/eng for all information about your pension.

On Tuesday May 30 2023, a majority of the Senate voted in favor of the Future of Pensions Act. This means that there will now be a definitive new pension system and that HEINEKEN's pension scheme will change in the coming years.Pension funds will have time to prepare for the new system from July 1, 2023. By January 1 2028, all pension funds must have transferred.Next stepsAs Heineken Pension Fund, we aim to transfer to the new pension system on January 1 2026. The employer, trade unions and the Heineken Pension Fund have already started preparations.We will keep you informed via our website about the steps we are taking towards the new pension system. You can read in this news post why we need a new pension system, which elements remain and what is changing.

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. Activities during the Three Days of Pensions:1. Every day, we organise a webinar about our pension scheme and the upcoming change to our pension scheme. Are you unable to attend? You can watch the webinar afterwards. We share the links via our website.Tuesday 12 November for HEINEKEN employees (Dutch)Speakers: Rogier Bouwman, Chairman of the Board of Heineken Pension Fund and Maayke van Houdt, Director People Heineken GroupTime: 16:15-17:15 p.m.Sign up via this link (DUTCH) Click on the blue 'respond' button at the top right of your screen and indicate whether you can attend. If you are participating, you will automatically receive a link to the webinar in your email.Wednesday 13 November for pensioners and former employees of HEINEKEN (Dutch)Speakers: Rogier Bouwman, Chairman of the Board of Heineken Pension Fund and Michiel Kamermans (VvGH)Time: 10:30-11:30 a.m.Sign up via this link (DUTCH) Click on the green button in the middle right of the screen Thursday 14 November for HEINEKEN employees (English)Speakers: Rogier Bouwman, Chairman of the Board of Heineken Pension Fund and Maayke van Houdt, Director People Heineken GroupTime: 10:30-11:30 a.m.Sign up via this link (ENGLISH) Click on the blue 'respond' button at the top right of your screen and indicate whether you can attend. If you are participating, you will automatically receive a link to the webinar in your email.2. We are present at three locations and are happy to answer all your questions. Only for employees at HEINEKENWill you visit us?Tuesday November 12: 8:30 – 11:00 a.m. in the central hall in ASTAD2Wednesday November 13: 10:30 - 13:00 a.m and 17:00 - 20:00 p.m. in the company restaurant of the Den-Bosch BreweryThursday November 14: 10:30 - 13:00 a.m. and 17:00 - 20:00 p.m. in the company restaurant of the Zoeterwoude BreweryWe are unable to be present at all branches during the Pensioen3daagse. If you work at one of the other locations and have any questions, please let us know.3. Play the retirement game!You can find the card game from Tuesday November 12, in various places. They are placed at, for example, the coffee corner. The game helps you think about your own pension. Do you need to take action?4. Ask your question via WhatsApp!Save this mobile number (0031) (0)651863662 in your phone, app your question and get a quick response. Please note: Only available during these three days.Curious about your pension and can't wait for the Three Days of Pensions? All information about your pension at HEINEKEN can be found on our website www.heinekenpensioenfonds.nl. Also look under the MyPension button (log in with DigiD). A complete overview of all your pensions and the state pension can be found on www.mijnpensioenoverzicht.nl (log in with DigiD).Are you thinking about retiring? We are happy to help you on your way in a personal pension conversation (this can also be done via Teams).

November 2, 3 and 4 are the 3 Days of Pension. The 3 Days of Pension is an initiative from the Money Wise Platform to promote responsible financial behavior in the Netherlands and to promote financial resilience during retirement. The 3 Days of Pension is for all Dutch citizens. During the 3 Days of Pension, which takes place every year, pension providers, employers and advisers, among others, communicate about pensions. The Heineken Pension Fund is also participating in the 3 Days of Pension. During these three days we will share an animation with you every day.The animation of day 3, also the last day, is about the influence of both private and work events on your pension. Watch the animation video about these events here (unfortunately only available in Dutch).[

November 2,3 and 4 are the 3 Days of Pension. The 3 Days of Pension is an initiative from the Money Wise Platform to promote responsible financial behavior in the Netherlands and to promote financial resilience during retirement. The 3 Days of Pension is for all Dutch citizens. During the 3 Days of Pension, which takes place every year, pension providers, employers and advisers, among others, communicate about pensions. The Heineken Pension Fund is also participating in the 3 Days of Pension. During these three days we will share an animation with you every day.The animation of day 2 is about the Pension Checker app (IOS of Android). By downloading the Pension Checker app, after logging in via DigiD, you will have access to a brief overview of your financial situation upon retirement. Watch the animation video about the Pension Checker here (unfortunately only available in Dutch).

The news is often about retirement. Then it usually goes about all old-age provisions as a whole, so in addition to the pension with an employer, also about the State Pension (in this blog we call this AOW). What exactly is the difference between the two?Our pension system has three pillars:A. AOW: you receive this State Pension from the government. B. Pension through your employer(s), for example HEINEKEN. All our information is about the pension you accrue with the Heineken Pension Fund (HPF). C. Also, individual supplementary schemes are possible, such as annuities or bank savings. We will not discuss this further in this blog. The HPF does not offer them. Whether you want to use it depends on your financial situation and the -probably very small- fiscal space you have left.AOWYou will receive AOW as a Dutch resident. The amount of the AOW is linked to the minimum wage. It’s a basic facility. There is no correlation with the salary you have earned in your working life.The age at which you will receive AOW depends on your date of birth. The AOW age will increase in the coming years. The AOW age is 66 years and 4 months this year, 66 years and 10 months next year and 67 years in 2024, 2025 and 2026. The AOW age in the following years depends on the development of the life expectancy. The AOW amounts are adjusted every six months, together with the minimum wage. Information about the AOW and your AOW age can be found at www.svb.nl.Please note: If have you not always lived or worked in the Netherlands then your AOW may be lower.No savings are made for the AOW. The AOW of the current AOW pensioners is paid by the current workers.Pension through your employer(s)The AOW is a basic provision, derived from the minimum wage. Pension is a condition of employment. In addition to the AOW, you accrue a pension through your employer in a pension fund during your working life. So, when you stop working, you will still have an income that is related to your previous salary. You can see it as deferred wages. The wages go into a savings account for the old age later. It's a lot of money. At HEINEKEN, about a quarter of the wage bill goes into the pension savings account. You pay 1/3 of the pension premium, HEINEKEN the other 2/3. The HPF manages the joint savings account of more than four billion euros.You can see how much pension you accrue through your employer's scheme on your Uniform Pension Overview (UPO). Every year you will get your UPO from us. Would you like an overview of all the pensions you have accrued? Then go to www.mijnpensioenoverzicht.nl.  

Due to the expected switch to the new pension scheme as of January 1, 2026, the pension planner is temporarily unavailable as of October 1, 2025.Are you looking into retirement? Please contact us. We help you gain insight into your pension situation and the consequences of choices you make with regard to your pension with us.

We have decided not to increase pensions per January 1, 2024. An increase depends on the following two topics:the increase in consumer prices (October-October); andthe policy funding ratio. This indicates the financial situation of the pension fund.The increase in consumer prices in the period October 2022-October 2023 is decisive for an increase in pensions. In this period, consumer prices did not rise, but fell by 0.4%. When consumer prices fall, pensions are not adjusted downwards, but the fall in consumer prices does mean that we cannot increase pensions.In recent years, prices have fluctuated enormously. These price increases were fully reflected in the increase in consumer prices over the period October 2021-October 2022. At the end of 2022, we decided that we would fully follow this price increase. Per January 1, 2023, we have increased pensions by 14.33%. We also fully followed the price increase of the previous year (period October 2020 - October 2021) as of July 1, 2022 with an increase in pensions of 3.42%. In summary, in 2022, 2023 and 2024, pensions follow the full increase in prices.Increase of consumer pricesThe Central Bureau of Statistics (CBS) measures the level of prices in the Netherlands. Every month, they publish the increase in consumer prices based on their measurements. According to the CBS, the increase in prices over the period October 2021 - October 2022 was extremely high at 14.33%. That was because energy prices were peaking at the time. Since then, energy prices have fallen considerably. The prices of food and many other things have risen further in the past year. Due to the increase in food prices and the decrease in energy prices, consumer prices fell by 0.4% over the period October 2022 - October 2023 in the past year.The policy funding ratioThe policy funding ratio of the Heineken Pension Fund was 134.4% on 30 September 2023. According to the legal rules and our policy, we would be allowed to increase pensions partially. Due to the fall in the consumer prices, we will not be able to increase pensions this year.Some other pension funds are increasing pensions. How is that possible?Each pension fund has its own indexation policy and financial situation. A pension fund may use a different period for consumer prices. For example, July to July: there was an increase in consumer prices then. However, the increase over the previous year was less high than in October-October. Some pension funds have only partially increased pensions in 2023 and will (partially) make up for the ungranted part in 2024. This does not apply to us because we increased pensions in the previous year by the full increase in consumer prices.What about the ungranted increases in previous years?According to the law, a higher policy funding ratio is required in order to make up for ungranted increases from the past. That is why we cannot make up for the ungranted increases.

If you receive a pension from us, you will receive an annual statement. This states how much pension you have received in the past year. You can use the annual statement for your income tax return.This year, the 2021 annual statement will be sent at the same time as the Uniform Pension Overview (UPO) in the middle of February.*Digital communicationIf you are not yet registered for digital communication per email, but would like to receive digital communication in the future, you can register for this via our contact form.* Only if you receive a pension from us, you will receive the UPO in the middle of February. The UPO will be sent to (former) participants later this year.

How much pension do you need?In our blog of October 2020, we already announced that the Heineken Pension Fund is participating in the 3 Days of Pensions. We have also indicated that you can calculate your expected AOW age and get an overview of all your pensions and your AOW. So you know when you will receive AOW and how high your pension will be. But what will your life be after you retire? What are you going to spend? Do you still have a mortgage debt? Try to visualize your future life and consider how much you plan to spend every month. You can use a digital household book if desired to calculate how high your income should be after your retirement (https://www.wijzeringeldzaken.nl/huishoudboekjes/). (only available in Dutch)Five parts of PensionYour pension can consist of different income sources. During the 3 Days of Pension, this is also referred to the Five parts of Pension.There are five types of income sources that can contribute to your income when you retire:State pension (AOW)The employee's pensionAnnuities with banks and insurersIncome from assetsIncome from work after your retirementWhether you will have sufficient income after retirement can only be checked on the basis of your personal arrangements, wishes and circumstances. In order to gain a global insight in this, it’s important that you know what’s your income is when you retire. View the amount of your pension at Heineken on the recently sent pension overview or in our pension planner www.heinekenpensioenfonds.nl.Calculate your personal Five parts of Pension using the Calculator of the Money Wise Platform https://www.wijzeringeldzaken.nl/pensioen3daagse/pensioen-3daagse/pensioenschijf-van-vijf/ (only available in Dutch)Financial ScanOn the basis of the CAOs of HNS, HNL and Vrumona, an employee who reaches the age of 55 and are covered by one of these CAO’s has one opportunity to have a financial scan carried out by an external party. This is currently EBC Nederland B.V. The purpose of the financial scan is to give employees insight in their current financial situation and the possibilities and scenarios for (pre) retirement, part-time retirement, etc. More information can be found on Ask HR.This notification is mostly based on information based on the website www.wijzeringeldzaken.nl

Hopefully, after our blog of October 2020 and the calculation of your pension situation that was discussed on the first day of the 3 Days of Pension, you have gained clarity about if you are on track with your pension. If you know how high your pension is, you can better estimate whether this is enough to lead the life you would like to live. If necessary, you can take measures yourself. What can you do if you think you need more income?Save with a pension productDo you want to regularly put money aside for your pension? Think of an annuity insurance, bank savings account or investment account. This is in addition to your employee's pension. You can deposit money into this product monthly or annually. Your deposit is deductible. You have to file an income tax return. On the maturity date, you must use the money to buy a retirement benefit. You will pay tax on the amount you receive when your pension has commenced.Single premium policyA single premium policy is a special form of annuity insurance. With a single premium policy, you will make a one time deposit, although you can sometimes add money later. Your insurer or bank will invest this money. On your retirement date you will buy a benefit with the money.The same tax benefits apply to a single-premium policy as to annuity insurances and bank savings accounts. Please consult an advisor before taking out a single premium policy.Save and investYou can also save or invest for your pension yourself. The advantage of this is that in principle you always have access to the money. You will pay tax on your savings and investments each year in box 3. You will pay this tax if your assets exceed a certain threshold. The threshold for singles is € 30,360 and for partners it is € 60,720. How much tax you will pay depends on the size of your assets.Pay off a mortgageIf you have a mortgage that is (partly) interest-only, you can pay off more. So you reduce your housing costs when you are retired and you therefore need less income. You no longer pay interest on the amount you repay. As a result, the interest deduction that you receive on your tax return decreases.Cashing in on your home's equityIf your home is worth more than your mortgage debt, you may want to consider selling your home. You will then have the equity at your disposal. The equity is the selling price minus the amount of the mortgage that still has to be paid. You will need this money to provide for new housing. You can also use it to supplement your retirement income. There are also constructions possible to use your equity without selling your house. Please be advised by a financial expert.Working in addition to your pensionIf you ultimately do not have enough income, you can (continue your) work after your retirement. This has no consequences for your other income. You will therefore not receive less pension or AOW. You pay income tax on the amount you earn. The tax rates after the retirement age for State pension are lower than for people who have not yet retired.This notification is based on information based on the website www.wijzeringeldzaken.nl 

Thanks to the promotions mentioned in our blog of October and the messages on day 1 and day 2 of the 3 Days of Pension, you will hopefully gained insight in your pension situation when you retire. But do not forget to check what’s arranged for your partner and children when you die.Check whether the pension is sufficient for your partner to continue to pay the costs. Can your family continue to live in the house and go on living? Do not forget to check whether your partner is entitled to certain supplements. Naturally, this also applies to the situation in which your partner dies and you may be left possibly with children. Sometimes the partner who stayed behind is also entitled to an additional payment (ANW) from the government.If you accrue pension with a pension fund or insurer, a partner’s and orphan’s pension is often also arranged. If you die, your partner and/or your children are entitled to pension. This is also the case with the Heineken Pension Fund. Check whether this also applies the other way around. If you are not married, but you are living together on the basis of a notarial cohabitation agreement, then also check whether you have signed up your partner for pension. Your partner's name should be standing in the pension overview you recently received from us. Keep in mind that the entitlement to a partner’s and orphan’s pension may stop if you change employer or lose your job. In that case, if you die, your partner will not receive a pension from the old pension provider. Check with your partner how the partner’s pension will be in this case. Also check whether the income is sufficient after your death. Does your partner also work? Then do the same for your partner's pension.Have you been divorced in the past? Then there is a good chance that your ex-partner will receive a part of the partner's pension. And that means a lower pension for your current partner. Check the divorce agreement to see which agreements you and your ex-partner have made about this.This reporting is based on information based on the website www.wijzeringeldzaken.nl

The 3 Days of Pension is an initiative from the Money Wise Platform to promote responsible financial behavior in the Netherlands and to promote financial resilience in old age.The 3 Days of Pension is for all Dutch citizens. During the 3 Days of Pension, which takes place every year, pension providers, employers and advisers, among others, communicate about pensions. They are supported in this with promotion materials.The Heineken Pension Fund is also participating in the 3 Days of Pension. On November 3, 4 and 5 we will provide additional communication by our website www.heinekenpensioenfonds.nl and by Workplace (only available for Heineken employees). So keep an eye on this media.Pension is of course important throughout the whole year, but during the 3 Days of Pension we give extra attention to pensions. You can check some parts of your pension in advance.Check your pensionYour pension is important for now and later. Even though your retirement age is still far away, it’s important to get insight now. Therefore check how your pensions are.Calculate your AOW-age (only applicable for Dutch citizens)In 2019 and 2020, the age of your State pension (AOW) is 66 years and four months. After that, the AOW-age will rise in steps up to 67 years in 2025. After 2025, the AOW-age will depend on the life expectancy of citizens of the Netherlands. You can calculate your AOW-age. The arrangements of the 2019 State Pension Agreement are taken into account for the calculation.https://www.wijzeringeldzaken.nl/rekenhulpen/rekenhulp-aow-leeftijd/ (Only available in Dutch)Take a look at Mijnpensioenoverzicht.nlOn the website Mijnpensioenoverzicht.nl you can see how much pension you have accrued and how high your AOW is. The site also collects information from pension funds and insurers in the Netherlands. If you have worked for several employers, this will give you a complete overview of all your accrued pensions in the Netherlands.

The Heineken Pension Fund has three different bodies. We can imagine that you have questions about the tasks of these bodies and how your interests are represented by these bodies. In this blog we give you more information about this.Which three bodies are there?The Heineken Pension Fund has a Board, an Accountability Council (AC) and a Supervisory Board.BoardThe Heineken Pension Fund has a board that is responsible for the policy (including, among other things, the investment policy). Within the framework of legislation and regulations, the board decides on raising or decreasing pensions, for example. The board consists of eight members. Two members are nominated by the Works Council on behalf of the employees, four members are nominated by the employer and two members are nominated by the pensioners. In this way, the employees as well as the employer and pensioners are represented in the board. Click here to see who are in the board.The Accountability CouncilThe Heineken Pension Fund has a AC. The AC assesses the policy pursued by the board and checks whether the interests of all participants are in balance. In addition, the AC has advisory rights with regard to a number of important decisions of the board. Just like the board, the AC consists of representatives of the employees, employer and pensioners. Click here to see who are in the AC.The Supervisory BoardThe Supervisory Board supervises the policy of the board. In addition, the Supervisory Board has approval rights with regard to a number of important board decisions, such as the check of the suitability of new board members. The Supervisory Board consists of three independent (external) members. Click here to see who are in the Supervisory Board.Are you interested in a place on the board or the AC?Are you interested in the AC or the board yourself? Please contact us at chantal.boekkooi@heineken.com. Then your interest will be noted for when there is a vacancy. You can keep an eye on the website for vacancies in the AC.Any questions?If you have questions about the various bodies or about another pension subject, you can always contact our pension helpdesk at pensioenfonds@heineken.nl or +31 71 545 80 65.The Heineken Pension Fund

When you get married, a number of things are arranged automatically. But if you start living together, nothing will be arranged automatically. This includes your partner's pension. In this blog we explain to you what partner's pension is and what you need to do as a cohabiting partner in order to get a partner's pension.What is Partner’s Pension?In addition to the retirement pension, everyone at Heineken also builds up a Partner’s Pension. A partner may be entitled to a Partner's Pension if you die before your retirement date, but also if you die afterwards.In some other pension schemes it is also referred to as a Survivor’s Pension.Is my partner eligible for Partner’s Pension?Your partner can only be eligible for this Partner’s Pension if he or she is registered as a partner with the HPF. If you are married or have a registered partnership, the registration will be done automatically. This is because the HPF is informed about this by the Personal Records Database.But if you start living together, you have to take care of this yourself. At the HPF, you must be registered as a cohabiting partner at the same address and send a copy of a notarial cohabitation contract to the fund (Pensioenfonds@heineken.nl). Only then will your partner be eligible for the HPF Partner’s Pension upon your death. So don’t forget to send it to us.Have you also built up a pension with other pension funds or insurers?Not all pension schemes have a Partner's Pension for cohabiting couples and the conditions for being considered as a partner often differ. It is therefore wise to also ask your former pension administrators and the pension administrator(s) of your partner to learn how partner's pension is arranged there.Vlog Partner’s PensionNienke Plas (Dutch influencer) has made a vlog about the importance of registering your partner with your pension fund in collaboration with the youth campaign ‘’The time of your life’’. The part about the partner's pension and registering the partner starts at 00.00 and lasts until 05.15 minutes. To view the vlog click here. (The vlog is only available in Dutch)The Heineken Pension Fund 

In our previous blog, we informed you about the consequences of developments on the stock exchanges for the financial situation of the pension fund. We have also indicated how the pension fund can be reached after the national corona measures have been implemented. In this blog we want to inform you about the latest developments.Decrease of funding ratio due to coronaThe funding level at the end of March has been posted on the website. The current funding ratio (end 2019: 107.3%) was only 91% at the end of March. We are approaching the so-called critical funding ratio, although we are not yet under it. This is the limit, from which we can just argue that the fund can recover sufficiently within ten years. Restoring means that the pension fund will have the required Statutory Funding Requirement (VEV) within ten years. If we are unable to do this, cutback is required. The critical funding ratio was around 87% at the end of last year.Is a reduction of pensions an issue?Does this mean that we have to reduce pensions? At least not in the short term. The first moment at which the critical funding ratio will be re-determined and will be determined if the fund meets the critical funding ratio is at the end of December. The stock exchanges and also the politics can move in all directions in the coming months. It is therefore too early to anticipate on the situation at the end of December.What do we do with our investments?Pension funds are long-term investors. We must be able to fulfill our obligations not only this year and next year, but also in 50 years' of time. Our investment policy is based on this. We are not here to make quick profits, but to pay out retirement, which is why we have a duty and time to spread our risks no matter what we do in our portfolio. In the past few weeks, we have of course examined with the experts in the investment committee whether the investment policy requires adjustment in the current situation. In doing so, we have come to the conclusion that it is best to stick to all the main features of our policy.The pension fund works at home, but the work continues as usualThe pension fund has been working at home since the start of the corona measures. Consultation of employees, as well as meetings of the board, the accountability body and the supervisory board, continue as usual, but from behind a laptop at home. Some actions can really only be done in the office and for this a single employee comes to the office. The proper implementation of the pension scheme therefore remains assured. All pensions of April are paid on time.In the news a message has appeared, from which it could be concluded that pension funds do not pay a survivor's pension if a participant dies from the consequences of corona. This is not the case at the Heineken Pension Fund.Accessibility of the pension fundAll employees of the pension fund work from home. It is therefore not possible to visit the HPF at the office. The best way to reach the pension fund in the near future is also by e-mail (pensioenfonds@heineken.nl).The Heineken Pension Fund 

If you work at HEINEKEN, then you accrue pension with us, the Heineken Pension Fund. This is arranged in the Collective Labor Agreement. We will explain what your pension scheme entails in this and other blogs.In the previous blog, we indicated that your pension scheme contains an retirement pension and a partner's pension. In this blog we explain another part of your pension scheme, namely the disability pension. Of course you do not hope that it will happen to you, but you may become ill for a long time and eventually be wholly or partially disabled for work. It is therefore good to know what consequences this will have for your pension. In this blog we will give you more information about this.Full disabilityIf your employment with Heineken is terminated due to full disability for work (i.e. you are more than 80% disabled), you will receive a benefit under the WIA (Work and Income (Capacity for Work) Act) from the UWV (Institute for Employee Insurance). This amounts to 70%, sometimes 75% of the salary you earned before your disability. In addition to this benefit, the disability scheme of the pension fund provides for the following two supplements:The accrual of your retirement pension partly continues (at 2/3 of the old level). You no longer pay a premium for this, only Heineken pays the premium.The WIA has an income limit (€ 71,628,- in 2024). The Heineken disability scheme supplements the WIA benefit if the salary you earned before your disability exceeded this limit. The supplement amounts to 70% of the salary above this limit, including potentially the old-age supplement.Partial disabilityIf you are partially disabled for work (i.e. between 35% and 80% disabled) and you remain employed by Heineken, even if you are partially disabled for work, the WIA benefit is part of the salary you receive from Heineken. As long as you remain employed by Heineken, your pension accrual will continue at the same level as before you became ill. Heineken and you also pay the regular premium for this. If you leave Heineken and you are partially disabled, the accrual of your pension will stop. 

The day you retire may be many years ahead of you. Nevertheless, it is good to regularly check your pension. Will you get enough pension to enjoy it? Or what does early retirement mean? With the new Pension Checker app you will immediately receive answers to these questions. Checking your pension has never been easier.Have you been divorced, have you started working more or less days, or have you lived abroad for a longer period of time? This affects your pension. See how you are doing with the new Pension Checker app. You will get insight into your income later.Download the app (only available in Dutch). The Heineken pension planner ‘’Opkoers’’ is available in English. For more information, see the last paragraph of this blog.How does the Pension Checker app work?Log in with your DigiD.You can see your net monthly amount of your state pension (AOW) and employee’s pension.Find out what early retirement means to you. Click on the icon "Stop earlier (Eerder Stoppen)?"Find out what extra savings will bring you. Click on the icon "Increase (Verhogen)"?The Pension Checker app is an initiative of the pension sector. Anyone who accrues pension in the Netherlands can use the app for free. The Pension Checker will not receive money from your data.For more information about the app, the following website can be consulted: https://www.pensioenchecker.org/ (only available in Dutch).Pension planner of the HPFWould you like detailed information about your pension at the Heineken Pension Fund? Then view our pension planner "OpKoers". The pension planner helps you plan your pension and gives you insight into your financial situation. You first determine how much pension you need based on the expected expenses after your retirement. Then you see how much pension you actually have. You can also make choices with your Heineken pension. You immediately see the consequences for your pension with the various choices!You have the option to plan only your Heineken pension (your Heineken pension is already been entered) or to upload all your pension data through www.mijnpensioenoverzicht.nl. You can also add the other details such as your monthly expenses, your savings/investments and any annuities yourself.

The first half of 2023 is over and the summer period is just around the corner.  Before your well-deserved holiday starts, we would like to bring our Annual Overview 2022 to your attention. In the annual overview 2022 you will find the most important facts and figures of us, the Heineken Pension Fund, from last year. Worth a look!Facts and figures of 2022 highlightedIn 2022, the 5,905 pensioners received a total of €113 million in pension.The policy funding ratio has increased from 110.2% to 137.7% in 2022. The policy funding ratio reflects the average financial health of the pension fund over the last twelve months. We base important decifions on the policy funding ratio, such as increasing pensions.Pensions have increased in line with prices in 2021 and 2022. In total with 18.24%The Heineken Pension Fund manages around 4 billion euros. We invest this for a good return to be able to pay out your pension. We also use our influence as an investor to do this sustainably and consciously: we want to contribute to a liveable world with our investments, now and in the future. We engage with companies whose sustainability performance is lagging behind. And we stop investing in companies that show too little improvement.Would you like to know the situation of the pension fund in 2022 in more detail? Then we refer you to our full annual report 2022 on this website (only available in Dutch).We are happy to help youIf you have any questions about your pension, you can always contact us via pensioenfonds@heineken.nl or +31 (0)71 - 545 80 65. Enjoy the summer!

HEINEKEN and you pay a premium for the accrual of your pension. But in addition, an important part of your pension is earned with the income from investments. Without investments, our pension would be much more expensive or much lower. But investments are not without risk either. Anyone who is going to invest should receive a warning : “you can lose (a part of) your investment”. The pension fund also runs investment risks. What about the investments risk? And how are these risks managed?Investment risksAccording to the theory, a higher risk is rewarded with a higher return in the long run. But a pension fund is obviously not allowed to take irresponsible risks. That would be gambling with other people's money.The HPF manages risks by spreading its assets over different types of investments. You can expect a higher return from shares, certainly in the long term than from a normal savings account, but the risks are also greater along the way. For the sake of balance, the HPF therefore also invests part of its assets in relatively safe investments such as government bonds. The return on these are lower, but owning government bonds makes us less sensitive to changes in interest rates. In addition, the pension fund invests, for example, in hedge funds that provide protection against depreciation of shares. Incidentally, that did not work last year, as we had expected, but it did during previous crisis’s. Our investments in real estate, for example, also serve to spread the investment risk. And when stocks do poorly in one country or sector, they can do well in another country or sector. So we take risks, but don't put all your money on one card.The return on total assets of HPF was 1.6% last year. In 2019 it was 13.4% and in the first half of this year it was 4.7%.In the diagram below you can consult the distribution of the investments and also see what the return was in 2020.

During your employment you can take different types of leave. Think about holidays, maternity and birth leave, parental leave or a sabbatical. But what about your pension accrual then? Read more about this in this blog. Leave with retention of incomeHow much pension you accrue depends on the level of your salary. If you take a holiday, but also, for example, maternity and birth leave, your salary will not change during your leave. So nothing will change in your pension accrual.Leave with lower or no incomeThere are also forms of leave where you receive a lower or no salary during your leave. Think of parental leave or care leave. Your pension accrual continues at the same level as before your leave started. Recently, the collective labour agreement also offers the option of taking a period of unpaid leave (a sabbatical). In this case, too, the pension accrual continues in the same way as before your leave. However, the premium does not change either. HEINEKEN continues to pay 2/3 of the total premium and you 1/3, even if your leave is unpaid.Partner’s and orphan’s pensionIt is probably not the first thing you think of when you take leave, but it is important for your possible partner and children. During the previously mentioned types of leave the coverage for the partner's and orphan's pension also continues as usual. So if something happens during your leave that causes you to die, your partner and children are entitled to a pension payment from us based on the situation that applied prior to your leave.

In 2020, employers and employees made agreements with the government about the future of pensions. This is laid down in the Pension Agreement. But why are new agreements needed? And what does this actually mean for you?Importance of new appointmentsEach month you and your employer pay a premium for accruing pension. When today's retirees started saving, the life expectancy was 75 years. But people are getting older. This means that older people now enjoy their retirement longer and that more pension has to be paid out than expected. In addition, the pension system no longer fits with the current labor market. This is how it usually works in the pension system. Young and older employees pay the same contributions and accrue the same amount of pension. Young people's premiums can be invested for a longer time and therefore yield more. This system works well if everyone works their whole life for the same employer. But more often people change jobs, sometimes stop working or work less for a while, and then go back to work somewhere employed or start their own business.The pension system does not work well with many changes during people's careers and offers little room for personal choices. That is why we are now working on a new pension system! So that we also have a well-functioning pension in the future.What does this mean for me?For now, nothing changes. Your pension scheme with the HPF continues as usual. We will switch to a new pension scheme between the 1st of January 2023 and the 1st of January 2027. We are of course looking for the possibilities together with the employer and the trade unions. We will keep you informed.  

With the Pension Comparator you can compare two pension schemes. This is useful with a value transfer or if you are looking for a new job. The Pension Comparator may also show that you want to arrange something supplementary in addition to your pension. You can read more about the Pension Comparator in this blog.How does the Pension Comparator work?The Pension Comparator is a fillable document that you can use to easily compare two pension schemes yourself. We have already completed the scheme of the Heineken Pension Fund for you. You can fill in the other scheme yourself on the basis the Pension Comparator of the other pension provider or use the Pension 1-2-3 of the other pension scheme. In the Pension 1-2-3 you will find information about the most important parts of your pension scheme. The order of the steps and icons on the Pension Comparator correspond to those on the Pension 1-2-3. The Pension 1-2-3 can usually be found on the website of the relevant pension fund or can be requested from the relevant insurer.Consult our Pension 1-2-3Information Pension ComparatorIn the Pension Comparator you will find information about: • the types of pension provided by the pension scheme • the types of pension that the pension scheme does not provide • information about the annual pension accrual • the risks regarding the pension benefit • funding ratio with a description of its meaning and consequences Tip:also read our blog about value transfer

We indicated in the previous blog that we have incorporated the amended agreements in the Collective Labor Agreement into our pension regulations. There may be agreements in your employment contract, in the collective labor agreement and in our pension regulations. But what about all those agreements and how do they relate to each other. In this blog we will explain this to you.Pension triangleThe term pension triangle is often used to indicate mutual agreements. This picture below shows what the pension triangle is.Pension agreementThe pension triangle is the triangular relationship between the employer, employee and the pension fund. Each party has different tasks/responsibilities. The employer and the employee conclude a pension agreement together. The pension agreement is part of the employment contract at Heineken. Heineken also refers to agreements that are included in the collective labor agreement about pensions. In the pension agreement, the employer promises the employee a specific pension. If you want to know what it contains, you must therefore include your employment contract and the collective labor agreement.Implementation AgreementThe employer may not execute the pension scheme itself. He must have this done by an pension provider, s.a. insurer or a pension fund. Heineken has its own pension fund and has it executed by the Heineken Pension Fund. Heineken has concluded an implementation agreement with the Heineken Pension Fund for this. Agreements have been made in this on, among other things, financing. As of January 1, 2020, Heineken Group B.V. (HG) the party that has signed the implementation agreement on behalf of all affiliated employers (HNS, Commerce and Vrumona). The implementation agreement can be consulted on our website.Pension RegulationNow that the Heineken Pension Fund operates the Heineken pension scheme, the Heineken Pension Fund is required to administer the Heineken pension scheme. The pension agreements for the participants in the Heineken pension scheme are shown in a pension regulation. The pension regulations can be consulted on our website.Any questions?If you have any questions regarding the pension triangle or about any other pension subject, you can always contact our pension helpdesk. In principle, we are currently not available by phone. We therefore ask you to contact us by e-mail at pensioenfonds@heineken.nl. For emergencies you can reach us on 071 - 545 76 74.The Heineken Pension Fund

The Heineken Pension Fund (HPF) is a company pension fund. As a company pension fund, the HPF seeks to connect with HEINEKEN's sustainability agenda. That is why we primarily focus on three themes: 1. climate (CO2 reduction) 2. clean water and responsible water use and 3. human rights (particularly working conditions).The HPF considers it important that the C02 emissions of the companies in which we invest are limited and decreases. That is why we started reporting these emissions for the investment category “developed markets shares” last year. This category covers 1.6 billion euros, or about 37% of the total investment portfolio. In 2019 the emissions amounted to 224 grams per invested euro. In 2020 that had dropped to 110 grams. This is a major improvement.In addition to CO2 emissions, water consumption and the human rights score of the shares in developed countries have also recently been mapped. There is also a decrease in water consumption per euro invested and the human rights score is relatively high, which is seen as a positive assessment. But of course there are still improvements to be made and these will be investigated further in the future.What is important to us now is that by measuring our scores, we enable ourselves to set concrete goals that our investment policy must meet in the near future. This theme is in any case high on the agenda of the board of the HPF.Would you like to know more about socially responsible investing?More information about socially responsible investing (SRI) and our SRI policy can be found on our website.In the next blog we will tell you which resources we use for socially responsible investing.

The Heineken Pension Fund executes several pension schemes. When you join Heineken, Heineken offers you the Heineken pension scheme. The details of the pension scheme are included in the Pension Regulations. Regarding the disability pension, there are also the Disability Pension Regulations.Pension Regulation and Regulation Disability PensionThe Pension Regulations set out the rights and obligations of the participants with regard to the regular retirement pension. You receive this pension at age 68, but you can also retire at an earlier age.The Regulation Disability Pension set out the rights and obligations of the participants with regard to the disability pension.You can find a short overview of the pension scheme in our Pension1-2-3.Voluntary pension schemesThe Heineken Pension Fund also offers supplementary pension schemes. Participation is voluntary. These additional schemes are included in the Supplementary Disability Pension Regulation and the Supplementary Partner’s Pension Regulation.The Supplementary Disability Pension Regulation is a voluntary addition to the regular disability pension. The benefit is a supplement to the income in the event of full disability.The Supplemental Partner's Pension Regulation is a supplement to the regular partner's pension. If you are married or have a registered partnership when entering employment or during your participation in the Pension Regulations, you will automatically be registered for this scheme. You will get the option to opt out. The registration is automatic because we receive a notification from the Personal Data Register.If you cohabit, you will only participate in this scheme if you provide the pension fund with a copy of the signed notarial cohabitation agreement. In principal, this needs to be provided within three months of commencement of employment or after signing the notarial cohabitation agreement. Participation is also possible after this period, only with additional conditions.Unfortunately, we do not receive notification from the Personal Data Register of a notarial cohabitation agreement. That is why you have to inform us yourself.Any questions?If you have any questions about the pension schemes or other pension topics, you can always contact our pension helpdesk. In principle, we are currently not available by phone. We therefore ask you to contact us by e-mail at pensioenfonds@heineken.nl. For emergencies you can reach us on 071 - 545 76 74.The Heineken Pension Fund 

If you work at HEINEKEN, then you accrue pension with us, the Heineken Pension Fund. This is included in the Collective Labor Agreement. We will explain what your pension scheme entails in this and the upcoming blogs.Retirement pensionIn order to be able to retire later and still enjoy a higher income than State pension (AOW), you accrue a retirement pension. You can also see the accrual of retirement pension as filling a piggy bank that you use up in the years following your retirement. Pension accrual in a pension fund absorbs uncertainties with regard to, for example, a longer life span than average or the risk of a negative investment result. The risks are mutually shared with your colleagues, so that when risks hit you, the effect will be limited. The risks are shared with your colleagues. Read more about your retirement pension.Partner's and orphan's pensionIn addition to the retirement pension, you also accrue pension for your partner and children. Your partner and children will receive a partner's and orphan’s pension if you die. Everyone accrues a partner's pension, even if you don't have a partner. If you don’t have a partner when you retire, the accrued partner's pension will automatically be exchanged for a higher retirement pension. Read more about your partner's pension and orphan's pension.If you get married or enter into a registered partnership, the pension fund will automatically receive a notification. If you are going to live together, we will not automatically receive this. You will have to register your partner with the Heineken Pension Fund yourself. In another blog we explain what you have to do to receive a partner's pension. Read the blog.

In the previous blog we indicated that the Heineken Pensioenfonds (HPF) takes its social responsibility into account when investing its assets (see the blog Socially Responsible Investment at the Heineken Pensioenfonds). In this blog we explain the instruments we use for this.ESG IntegrationThe HPF takes enviroment, social justice and governance factors, also known as ESG factors in the abbreviation, into account throughout the investment process. This means that these factors are taken into account when selecting, monitoring and assessing asset managers and when determining which investment categories to invest in. We call this ESG integration. Inspired by the sustainability themes of HEINEKEN NV, the HPF emphasizes the sustainability themes Climate, Water and Human Rights. The HPF is currently working on a set of measuring instruments for this, so that we can also set clear goals in the future. EngagementWe prefer to discuss their sustainability goals with companies in which we invest in order to improve their results in this area than to exclude companies or industries in advance. We call this engagement. When companies in the investment portfolio have a (potentially) negative impact, the HPF uses its influence to prevent, limit or enable recovery/accountability. ExclusionThe HPF also excludes investments in countries and companies that do not meet basic sustainability requirements. This in any case concerns companies that are involved in controversial weapons and countries to which the United Nations or the EU have declared an arms embargo with 'asset freeze' applicable through sanctions, but it may also apply to companies where engagement has an insufficient effect. Impact investingYou can also invest in something specifically to make a direct positive contribution to important social and sustainability issues in combination with achieving financial returns at an acceptable risk. The HPF is investigating the possibilities of impact investing on the theme of Water. Would you like to know more about Socially Responsible Investment?More information about Socially Responsible Investment (SRI) and our SRI policy can be found on our website. 

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.These representatives are chosen by persons entitled to a pension. Vacancies are arisen per 1 November 2021 and per 1 January 2022 for board members to represent persons entitled to a pension.Vacancy per 1 November 2021A vacancy has arisen for 1 November 2021 for a Board member to represent pension beneficiaries. Michiel Kamermans has indicated the wish to continue his board membership. The Vereniging van Gepensioneerden bij Heineken (Association of Retired Persons at Heineken) (VvGH) has again proposed Michiel Kamermans as Board member.The HPF Board considers Michiel Kamermans a good candidate but wishes to offer other beneficiaries the opportunity to put themselves forward as candidate.We are looking for committed and competent people wishing to put their name down as candidate.Candidate requirements are set out in the attached provisional profile.Vacancy per 1 January 2022Rob van den Berg has indicated that he would like to terminate his board membership on 1 January 2022. The Vereniging van Gepensioneerden bij Heineken (VvGH) (Association of Retired Persons at Heineken) has proposed Roelf Duursema as candidate.The Board of the HPF considers Roelf Duursema a good candidate but also wishes to offer other beneficiaries the opportunity to put themselves forward as candidate.We are looking for committed and competent people wishing to put their name down as candidate.Candidate requirements are set out in the attached profile.Who can apply?All recipients of a pension from the HPF may put themselves forward as a candidate.Nomination of candidates Submit your application in writing prior to the closing date for nomination, i.e., 17 January 2021, to the following correspondence address: Stichting Heineken Pensioenfonds Attn Board Election Committee Postbus 530 2380 BD Zoeterwoude. Nominations must be accompanied by a document that includes the names and signatures of at least twenty-five beneficiaries who are entitled to vote. We would also be pleased to receive your motivation for Board membership. The following documents must be submitted together with your nomination: 1. A copy of a valid proof of identity; 2. An up-to-date CV that includes at least: 1. Education and courses followed; 2. Work experience; 3. Additional positions. If necessary, the election committee may request additional information. The following courses can be part of the nomination process: - Following an (introductory) course with a positive final result; and - If necessary, one or several courses or introductions for the purpose of raising the nominee’s competences up to the required competence levels. And finally, De Nederlandsche Bank will assess whether the candidate is suitable for the position.What is the procedure?An election committee consisting of two Board members and the management of the administering body will invite the candidates they consider suitable on the basis of their CVs and the other documents for an interview. A list of eligible parties will be drawn up if the interviews lead to the election committee feeling that there is more than one suitable candidate. An election will subsequently be held in March 2021. All beneficiaries will be sent a call to vote. As soon as the qualified - and possibly chosen - candidates are known they will be appointed.Have any queries?If you have any questions you would like answered regarding the tasks of the Board, nomination requirements or the election procedure for instance, please contact Chantal Boekkooi (chantal.boekkooi@heineken.com) or Rosalinde Oudendijk (rosalinde.oudendijk@heineken.com).

We changed the pension regulations in 2023, because the intended effective date of regulation that introduces a withdrawal of a lump sum is Januari 1, 2024 (in stead of 1 July 2023). Therefore it is not yet possible to withdrawal a lump sum in 2023. We have therefore removed this possibility from the pension regulations.In the pension regulations, the withdrawal of the lump sum was part of the options of flexibilisation in Article 13 of the pension regulations, stating that this part will become applicable upon the effective date of the Lump sum, RVU and leave savings Act; intended for July 1, 2023. This section will be included again when this option can be offered. For now, this is January 1, 2024.Consult the amended pension regulations

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.

As of 1 January 2023, the scheme for the Supplementary Partner's Pension will change. The following three changes are effective January 1, 2023:The amount of the premium will be age dependent. Previously, everyone paid the same premium, namely a fixed percentage of the benefit amount. From 1 January 2023, the premium will be determined based on age. This calculation is fairer and also common in the market.There will be a discount on the final amount to be paid if the age difference with the partner is more than 10 years. The premium paid is still a percentage of the full benefit amount.The maximum term of the scheme is limited to the participant's age of 70. The existing scheme continued until the partner reached the age for state pension. This provision does not apply to participants who are 65 years or older on 1 January 2023 and who have already participated in this scheme in 2022.

Execution HIR from Heineken Pension Fund to Centraal Beheer Achmea per 1-1-2024As of 1 January 2024, the execution of the Heineken Invalidity Plan (HIR) will change. The execution of the HIR is currently carried out by the Heineken Pension Fund. It is more efficient to place everything with Centraal Beheer Achmea, as they already execute the disability scheme when you are partially disabled.Discontinuation of voluntary disability pension schemeAs of January 1, 2024, HEINEKEN will stop offering the voluntary supplementary disability pension scheme to new participants. Current participants in the voluntary supplementary disability pension have the opportunity to continue this voluntary insurance with the Heineken Pension Fund.

On July 1, 2023, the Future Pensions Act (Wtp) entered into force. Where possible, we have already brought the current pension scheme in line with the Wtp. We have already adjusted the definitions for 'partner' and 'orphan'. And the pension scheme includes the possibility that you can bring your pension forward to no later than ten years before your state pension age.When is someone an official partnerThe partner is entitled to partner's pension in the event of death. As of January 1, 2024, the definition of when someone is a partner will be expanded. In addition to being a partner through marriage or a registered partnership, someone was also a partner if there was a notarial past and a cohabitation contract. As of 1 January 2024, a person will also be a partner if a 'joint household' is conducted. In the case of a 'joint household', the partner must be registered with us.You have a joint household ifthere is a cohabitation contract in the notarial past; or withyou have a signed cohabitation declaration in which the participant or former participant and the partner declare that they live at the same address and take care of each other.If the participant or former participant dies and the partner was not known to us, the partner can still prove that there was a joint household in order to claim partner's pension.How to prove a joint householdWe receive from the partner a signed cohabitation statement proving that there was a joint household. This means:they have lived together for at least six months; ora child has been born from the relationship or the child has been acknowledged by the other; orthere is a rental contract in the name of both of them; ora house as joint ownership.Receive of orphan’s pension 2024 In the event of the death of the parent who accrues or has accrued pension with us, the orphan is entitled to an orphan's pension. As of 1 January 2024, an orphan is entitled to the orphan's pension until the age of 25, regardless of whether the orphan is studying. Previously, the orphan's pension was paid to an orphan until the age of 18. Unless the orphan was studying, in which case the orphan's pension was paid until the age of 27 at the latest.Takeover of disability pensionThe disability pension schemes will be taken over by Centraal Beheer Achmea. Read more about this change in this post on our website.

During the Three Days of Pension (November 7, 8 and 9, 2023) we explained the Heineken pension scheme in a few webinars. Here you can watch the webinar (English) and download the presentation with the main information Pensioendriedaagse 2023 - HPF webinar UK. In the webinar we talked about among other things :What the Heineken pension scheme looks like: pension, partner's pension, orphan's pension, voluntary supplementary partner's pension.The options you have when you want to retire.Where you can find more information about your pension: use our pensionplanner OnTrack. After logging in with your DigiD, please choose English at the upper right corner to see the English Pension Planner. And check mijnpensioenoverzicht.nl (log in you’re your DigiD or eIDAS).At the end we briefly looked ahead to the new pension scheme.For questions about the International Savings Program (IRSP) we refer you to HR. For information about the differences between Heineken Pension Fund and the IRSP, please check Other benefits & perks (sharepoint.com) and scroll down to the subject Pension.

In the blog we would like to inform you about the consequences of the developments on the stock exchanges for the financial situation of the pension fund and also about the accessibility of the pension fund in these days.Decrease of funding ratio due to coronaStock prices have fallen rapidly in recent days due to fears of a global economic crisis. This fear is caused by the consequences of the coronavirus. This fear has also caused interest rates to fall further. This is because investors seek security in the relatively safe government bonds. The increased demand for government bonds has caused interest rates to fall. What exactly causes the decrease in the funding ratio?The interest and the value of the investments influence the policy funding ratio. The funding ratio represents the ratio between the value of the investments of the pension fund on the one hand and the value of the pension obligations on the other.Due to the recent sharp fall in the stock markets, the assets of the pension fund have fallen. Interest also fell, causing the value of the pension liabilities to rise. With a lower interest rate, you will simply have to reserve more capital to be able to meet the pension obligations in the future. Will my pension be decreased?The policy funding ratio as at 31 December is decisive for the reduction of pensions. The policy funding ratio is the average of the current funding ratios over the past 12 months. This means that one or more bad investment months could be straightened out in the other months. There is currently no reason to decrease the pensions. Whether this will be different on 31 December 2020 will have to be considered at that time. Accessibility of the pension fundThe administrating body has taken measures to ensure the continuity of business operations, and thus the execution of the pension scheme. As a result, the most important parts of the execution can continue to proceed, even if continuity in the staffing of the administrating is jeopardized.We respond to the government's call and work from home as much as possible. That is why we are not available by phone and meetings can’t take place. However, you can reach us by e-mail. Our email address is pensioenfonds@heineken.nl. The Heineken Pension Fund

This month we started with digitally sending the pension specifications to our retirees who have registered for digital communication. The administration of the pension benefits has been outsourced by the HPF to HEINEKEN. You will therefore receive then pension specifications by e-mails from HEINEKEN at the e-mail address known to us. Your registration may have been some time ago. Please let us know if the e-mail address is no longer up to date.Savings overviews HEINEKENIf you have a savings account with HEINEKEN and have given permission for the use of your e-mail address to send the savings overviews, you will also receive the savings overviews digitally at the e-mail address provided.Attention: You will also receive the documents by post this month. From next month you will only receive digital pension specifications from us.Choose digital or regular mailIf you have received the documents by e-mail this month, but would rather only receive them by post, you can let us know via pensioenfonds@heineken.nl. We will then no longer send digital documents. It is not possible to receive both digital and by post.If you are not yet registered for digital communication but would to receive digital communication in the future, you can register for this through our contact form.

The Heineken Pension Fund has an Accountability Council (VO). Among other things, the VO takes responsibility from the board of the Heineken Pension Fund for the policy and the way in which it has been implemented. Click here to see who are in the VO right now.The VO of the Heineken Pension Fund has two vacancies on behalf of the employees. Three people have applied. Are you an employee at HEINEKEN and do you accrue pension with us? Cast your vote before Thursday 21 September, 12.00 p.m.! This way you choose who comes to the accountability body on behalf of the employees. Go to the email you received from heinekenpensioenfonds@digitaleverkiezing.nl, click on the link and vote!The three candidates introduce themselves to you below:

We are on the way to a new pension system. The employer HEINEKEN has shared a first newsletter explaining why change is necessary, an overview of the steps taken and the next steps, what will remain the same, what is changing, where we are now and it also tells which parties are involved.Read the newsletter below. In the newsletter you see a few words underlined. You find the corresponding links in the column next to it.Links used in the newsletter:Here you find more information and background about the reason why we need a new pension system.Do you have any additional questions? Please contact the Heineken Pension Fund.Are you looking for general information about the new pension system? Please take a look at this website: www.pensioenduidelijkheid.nl (only available in Dutch).

In a news item of December 2020 we indicated that there will be two vacancies on the board in 2021/2022 on behalf of the pensioners. We can inform you that there are candidates to fill these vacancies.As of 1 November 2021 there will be a vacancy for a member on behalf of the pensioners on the board. Michiel Kamermans' first term of office expires on this date. Michiel Kamermans is available for another term. No other candidates have applied for the vacancy. He will be reappointed as a board member on 1 November 2021.As 1 January 2022 there will also be a vacancy for a member on behalf of the pensioners on the board. The Vereniging van Gepensioneerden bij Heineken (Association of Retired Pensions at Heineken) (VvGH) has nominated Roelf Duursema. No other candidates have applied for the vacancy. Roelf Duursema has joined the board as a candidate board member.

The Dutch Association of Investors for Sustainable Development (VBDO) investigates the sustainable investment policy of the fifty largest pension funds in the Netherlands. This is published annually in the VBDO Benchmark Pension Funds. Heineken Pensioenfonds has risen to 34th place in the ranking. In 2023, we were ranked 40th.The VBDO study is intended to encourage pension funds to make an impact through sustainable investment. The performance in the field of sustainable investing is improving rapidly. That is why the research methodology will be adjusted in 2024 and more attention will be paid to the elaboration in practice rather than to policy. The ranking will be published every two years from now on. This gives smaller pension funds with more limited capacity, such as Heineken Pensioenfonds, more room to make an impact by making the investment portfolio more sustainable.Goal of responsible investment: as much return as possible with a responsible riskFor our investments, we have chosen three spearheads that are in line with Heineken's sustainability policy. The spearheads are: climate, water and human rights. When choosing investments, we always consider sustainability aspects to contribute to a liveable world. In this way, we ensure that the companies in which we invest treat people and the environment well. We do this from our social responsibility and because we know that our participants find it important.Your opinion countsWe believe it is important to connect with what our stakeholders find important. That is why we regularly invite you to participate in surveys. In 2023, we examined the extent to which we should invest the money for pensions in a socially responsible way. The most important conclusion was that our current SRI policy fits well with the preferences of our stakeholders.

Every quarter we discuss pensions. Inspiring conversations that we hope will motivate you to take a look at your retirement. This time we talk to Marleen Veldhuis, communications advisor at Heineken Pension Fund since May 2023. Before that, she worked at the Federation of Dutch Pension Funds and brought the subject of pensions to the attention of young people through online campaigns. What does 'pension' mean to you?At the moment, my pension means financial protection: If I die, my partner and children will receive a partner's pension and orphan's pension from the Heineken Pension Fund. That gives a bit of financial peace of mind. Although of course I hope that I will enjoy my pension when I stop working.We can make pensions very complicated. At the same time, we can also make it very clear: does something change in your life? Check your pension. You  can find all the information about the pension scheme on the website www.heinekenpensioenfonds.nl. And if you have any questions, you can always email the Heineken Pension Fund and call every working day with questions. We are happy to help you on your way.What would you like to say about your pension at HEINEKEN?The employer also contributes to your pension. This makes it a valuable employment condition for both you and the employer. With a full-time job, you work an average of 1 day a week for your pension!What gives you confidence in retirement?Personally, I wouldn't think about saving an income for later. That's why I'm glad that this happens automatically via my work.How do we involve more people in their pensions? Only you can determine whether the pension you are accruing is enough for you and suits your needs. That is why it is important that you take a look at your pension every now and then, especially when something changes in your life.

Every quarter we discuss pensions. Inspiring conversations that - we hope - will motivate you to take a look at your pension. This time we are going to talk to Nicolaas Groot. He has been retired for about two years and is a board member of the Heineken Pension Fund. When Nicolaas was still working at HEINEKEN, he was Process Control Operator at Verpakken in Zoeterwoude.What does 'pension' mean to you?If you work, retirement is mainly 'something for later' and is part of your financial planning. It is good to know that the closer you get to retirement, the more concrete it becomes and the clearer the margins within which you make your personal choices.It is important for everyone to know how your income now and your pension for the future will be arranged. Then you know what to expect now and later. Even if an unforeseen event occurs. For example, if you are no longer able to work at all or partially due to incapacity for work. What would happen to your partner in case you pass away? Always ask about your pension when you change jobs and check your pension when you buy a house. Make agreements about the division of the pension if you get divorced, because what you decide here can have a major impact on the amount of your income later on.My message is: A change in your life affects your pension. You find the information you need on this page on the website.What would you like to say about your pension at HEINEKEN?Pension at Heineken is based on solidarity. In the core, solidarity means being a guarantor for each other. You're helping the other person bear his risks, because he's helping you bear your risks. I think it's important to remind you of that at this time. At the moment, pensions are talked about too much in terms of old against young and young against old. The interests differ, but we must not forget how much we actually help each other. This solidarity-based system will only last as long as we are able and willing to trust that our own contribution to the risks of others is proportional to the contribution of others to your risks.What gives you confidence in retirement?I have paid a nice amount of pension contributions in total - and the employer HEINEKEN even double that - but it has given me a really good pension. Tip: you can see how much pension contribution you pay each month on your payslip. You can also see how much the employer pays for your pension on the Reward Statement in the Benefits Bar.How do we involve more people with their pension?At first glance, pensions seem to be an attractive topic for people with a background in human resources or with an understanding of investments and other financial matters. But I would like it if more people at Heineken would take an interest in the decision-making process around pensions. At the beginning of 2026, we at Heineken want to switch to a new pension scheme. And it's good to have as diverse a group as possible: young, old, male, female and from all the different departments of our company: commerce, production and where not. In this way, our solidarity-based pension remains rooted in our company.Are you interested? Register with the trade union and follow the events in the field of pensions at Heineken. Or report to the Heineken Pension Fund by e-mail. Then they will contact you about a role in a participant panel.

Every quarter we discuss pensions. Inspiring conversations that we hope will motivate you to take a look at your pension.This time we are going to talk with Rob Robbers. In daily life, Rob is a Category Specialist. Since September 2023, Rob has been one of the members of the accountability body of the Heineken Pension Fund.What does 'pension' mean to you?The employment condition pension is not just a cover for living expenses after the working period. It is also an insurance policy for unexpected events that may affect a relationship or family financially. My definition of retirement is 'income planner'. You need to understand what your income will be after you stop working, but you also need to know what the consequences are for your income if unexpected events occur. This will prevent you, your partner or family from being faced with a surprise now and later.What do you want to say about your pension at Heineken?First of all, I experience the Heineken pension as a good pension. By this, I mean that the pension that I will soon receive myself is in line with my living expenses. That's what you pay for! I think many colleagues don't realise that they pay 1/3 of the pension contribution and Heineken as an employer adds 2/3 to the pension contribution. This lays the foundation for a good pension.To clarify: 'a good pension' is different for everyone. What is a good pension for me may be too little or too much for someone else with a different standard of living. That is why it is important that you regularly check your pension yourself. Only you can determine whether the pension you accrue is in line with what you need each month.What gives you confidence in pensions?Because Heineken has its own pension fund, the focus is entirely on the pension of the employees and the positive development of these pensions. This is done by investing the premiums and by sharing risks. That's how we achieve a good pension.The pension fund informs me through the newsletters and the website about current developments regarding my pension. I can find everything I need to know. If I have any questions, I email or call. In addition, I can have a say in our pensions. This is possible because I have been a member of the accountability body since last year. But also by participating in studies conducted by the pension fund. The board uses the results to determine their policy. That's why I think it's important to give my opinion. For example, in March 2023, I completed the risk and pension survey.  I was informed about the outcome through the newsletter and the site.How do we get people more involved in their pensions?For me, that starts by paying more attention to pensions. I believe that active and understandable communication can ensure that our retirement becomes more alive. I want to contribute to this by talking about pensions. Do you have any ideas on how we can increase awareness of and involvement in our pension, so that we can make all employees of all departments within our great organization enthusiastic about our pension? Please let me know through rob.robbers@heineken.com. Who knows, maybe we'll soon be talking about pensions over a cup of coffee!

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.We make sure that the data we process in our systems is correctThere is a lot of control over everything we do. Internally, but also externally. Regulators (De Nederlandsche Bank and the Netherlands Authority for the Financial Markets) are watching and accountants are carrying out checks. In the implementation plan, we have described the control measures we have to carry out correct pension administration.What if something is not correctWe have a recovery policy for when a pension needs to be adjusted. You can find this policy on our website (only available in Dutch). In this way, it is clear to all of our participants, former participants and pensioners under which conditions the pension will or will not be adjusted.We want to avoid corrections to pensions as much as possible during the transition. If corrections are still required during the transition, we will inform the participant, former participant or pensioner in accordance with our recovery policy.

Rumors circulated in the media that several pension funds would not pay a survivor's pension if members of the coronavirus die. We would like to emphasize that this is not the case with the HPF. If a (former) participant dies from the consequences of the corona virus, we will pay the survivor's pension as usual. Even if the deceased participant has been in a risk area. Furthermore, it is possible that the average life expectancy will decrease due to the many deaths in our country. This does not yet have any direct consequences for pensions.It is possible that, due to the many corona deaths, the average life expectancy will decrease. Life expectancy and mortality rates influence, among other things, the determination of the retirement age and the level of the premium. The Royal Dutch Actuarial Society has published a first message about this on its website. At the moment, too little data is available to make any statements about the long-term consequences of the corona crisis on life expectancy. It goes without saying that the effect of the economic problems caused by the corona crisis is many times greater than the effect of the possibly changing life expectancy. 

As of January 1, 2026, we will probably switch to the new pension scheme. We have listed what will happen to pensions at HEINEKEN as of January 1, 2026. View the relevant information brochures below:Information brochure for participantsInformation brochure former employees of HEINEKEN (former participants)Information brochure for pensionersWe understand that you want to know what the switch to the new pension scheme means for you personally. At this moment we can only give general information. In November, you will receive an overview that provides insight into the expected personal consequences of the transition for your pension.Do you have questions about your pension or the new pension scheme? Or do you want to retire soon? Contact us, we are happy to help you.

Today, Tuesday July 1, the Heineken Pension Fund has moved from Zoeterwoude to Amsterdam. This is our new address:Stadhouderskade 841073 AT AmsterdamPostbus 281000 AA AmsterdamWe look forward to welcome and meet you in Amsterdam.Of course you can also just reach us by email or call us at our new telephone number: +31 (0)20 523 93 93

The cabinet has concluded a pension agreement with the employees ‘’and employers’’ organizations. This pension agreement outlines what the new pension system should look like. A number of things are already clear, but many parts still need to be worked out in more detail. The social partners are currently examining which pension contract will be chosen.We would like to keep you informed about developments on our webpage.Participant surveyIn order to ensure that the implementation of the new scheme matches the preferences of employees, former employees and pensioners, we request that you complete the short questionnaire to provide insight into your wishes. If you are a participant, a former participant of a retiree, you have received an invitation for this. Read more

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 pension system in the Netherlands is going to change. The pension scheme of HEINEKEN will also change with it. This means that we are discussing a new pension scheme with representatives of the employer, employees and the pension fund. The Heineken Pension Fund executes the HEINEKEN pension scheme. To find out your opinion and preferences, the Heineken Pension Fund will send you a short survey. The results of the survey will be shared with HEINEKEN on an anonymous and total level. Let us know what you think is important in a pension scheme!The questionnaire contains only 10 questions. The link to the questionnaire is: https://deelnemersenqueteheinekenpf.questionpro.eu/You have previously received the login code by e-mail or by letter (if you have not registered for digital communication).You can complete the survey until April 10, 2022 at the latest.

The government has temporarily extended the indexation rules, so that pensions may already be increased at a policy funding ratio of 105%. These rules have been implemented in anticipation of the new pension system. If the conditions are met, the HPF could make use of the extended indexation rules.The board is investigating whether it can meet the conditions and what options are available. We expect to have clarity about this soon and will keep you informed.

As of 1 January 2020, the Tax Authority introduced changes to the tax brackets system that could have consequences for your net pension.Reaching state pension age prior to 1 January 2020Click here to see your tax brackets if you reached state pension age prior to 1 January 2020.The following table shows the differences between the tax rates in 2019 and 2020:On an income up to €20,711On an income above €20,711 and a maximum of €34,712*On incomes above €34,712* and a maximum of €68,507On incomes above €68,507201918.75%20.20%38.10%51.75%202019.45%19.45%37.35%49.50%The first bracket tax rate is now slightly higher and therefore you might receive a lower net amount in 2020 than you received in 2019.State pension age in 2020Click here to see your tax brackets if you reached or will reach state pension age in 2020.Compulsory Health Insurance (Zvw)The Compulsory Health Insurance (Zvw) statutory contribution has been lowered to 5.45%. The contribution in 2019 was 5.7%. The HPF deducts the income-dependent Zvw contribution from the gross pension payments. This means that in 2020 you will receive a slightly higher pension. However, it is also possible that on the basis of the aforementioned tax bracket changes you could receive a lower net pension. Note, that the maximum amount over which you pay the income-dependent Zvw contribution has been increased to € 57,232. In 2019 this was 55,927. In other words, the deduction also changes even if your gross pension doesn’t.

Answer: Many young people think this is true, but the good news is: you receive more pension than you put in! People who retire now will receive on average two to three times more pension than they paid together with their employer. We invest this money, which makes it grow. We are investing every day and we do this for many people at the same time. This yields to good results: you will (soon) receive way more pension than you have paid.Do you know when you have to take action for your pension? Here you will find an overview of important moments.Are you curious about your total pension? Check www.mijnpensioenoverzicht.nl  for your personal pension overview. You need your DigiD or eIDAS to log in.And watch the whole video* below * Only available in Dutch and with Dutch subtitles. We are waiting for the video with English subtitles.<iframe width="560" height="315" src="https://www.youtube.com/embed/TQqrRjiTwiM?si=q4XxEBLHQC6UUqt-" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>

Answer: That is true. As with many other organisations, pension at Heineken is a working condition. This means that the collective labour agreement stipulates that you accrue pension at the Heineken Pension Fund.You pay 1/3rd of the pension contribution. The employer pays more: 2/3rds. If you are your own boss or arrange your pension yourself, you will miss out on the employer's contribution. And then there is the pension fund: We invest this money, which makes it grow. We are investing every day and we do this for many people at the same time. This yields good results: you will (soon) receive more pension than you have contributed.Good to know: You have several choices for your pension. For example, you choose when you want to retire. This way you can stop working before your regular retirement date. If you stop working earlier, you will accrue pension for a shorter period of time. And your pension will be lower. Check out all the choices on our website.Do you have questions about the pension scheme or about your pension (planning)? Please contact us at pensioenfonds@heineken.nl or +31 (0)85 000 72 45. We are happy to help you.Watch the full video* here: * Only available in Dutch and with Dutch subtitles. We are waiting for the video with English subtitles.<iframe width="560" height="315" src="https://www.youtube.com/embed/kcYyaZmh828?si=e9EelVIJCaAlwBjI" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>

This week the Uniform Pension Overview (UPO) were sent to participants who receive pension from us. In the UPO, reference is made to the reading guide on the website. Click here for the reading guide.Note: Only the UPO for people who receive a pension have been sent. The UPO of (former) participants will be sent later this year.

In March, the Heineken Pension Fund invited you to participate in the research into how much risk you want to take with your pension. We think it is important to know how our (former) participants and pensioners view the returns and risks of investing. With this research we got a good indication of that. The reason for carrying out this research is the new pension rules that are applicable with the new pension system.A total of 2,052 respondents gave their opinion. This group is a good reflection of the total number of (former) members and pensioners of the pension fund, so we can make reliable statements for the entire pension fund. The results of this research provide valuable information that is taken into account by the board when making choices about the new pension contract.Main resultsFixed or variable pensionA clear majority of younger participants prefer a variable pension. The preference for a fixed pension increases as people get older.About half of the participants indicate that they do not mind if the pension benefit is lower in a certain year, because they know that the benefit can also go up.Risk investments The majority of respondents prefer to take a little to medium risk.Relatively speaking, younger participants want to take more risks than older participants.The majority indicates that they want to take more risk if the pension fund absorbs reductions in the pension benefit.How to deal with increasing and decreasing pensionA large majority of respondents indicate that they want to spread a reduction in the pension over several years.Most participants want the pension fund to provide a pension that, even if things go wrong, can only be reduced to a small extent and a pension benefit that can fluctuate as little as possible from year to year.Why do we take risks with investingWe invest the premiums to grow your pension. The pension that you will receive consists for the most part of profit on the investments. If we take more risk when investing, the chance of a higher pension is bigger. But the chance that the pension will be lower is also bigger.New pension systemAs of 1 July 2023, the New Pensions Act is applicable. With this law, the pension system will change radically. Via this page on our website we will keep you informed about the developments of the new pension system, what the Heineken Pension Fund does and what this means for you.Next stepsThe board uses the results of this research when making choices about how we invest the pension. We expect to be able to tell you in more detail about the choices and the new pension scheme at the end of this year.

As of January 1, 2023, the Supplementary Partner Pension has been changed. In this news item you can read more about the changes. In 2023 the board decided to partially revise this change as following:The discount of the amount to be paid if the age difference with the partner is more than 10 years will not be implemented in the Supplementary Partner Pension Scheme as of January 1, 2023.The amended Supplementary Partner Pension Regulations can be found on our website. If you have any questions about this revision? Please contact us.

We are on the way to a new pension system. The employer HEINEKEN has shared a newsletter explaining who is working on this transition, the process and who represents you. Click here to read the second employer's newsletter of April 2024.Click here to read the first employer's newsletter of December 2023.

The state pension age will not change in 2025. It will remain 67 years, just like in 2024. The state pension age for 2030 was announced at the beginning of November. This has been set at 67 years and 3 months, which is the same as 2028 and 2029.Curious about your (provisional) state pension age? Enter your date of birth in this tool from the Sociale Verzekeringsbank (SVB).According to the Pensions Act, the state pension age must be set five years in advance, so that people know where they stand. That is why the government determines every year at what age people will be five years of state pension. Once the state pension age has been determined, it cannot be changed. The state pension age depends mainly on the life expectancy expected by Statistics Netherlands (CBS).YearState pension age202467 years202567 years202667 years202767 years202867 years and 3 months202967 years and 3 months203067 years and 3 months

The Future Pensions Act came into force on 1 July 2023. All pension schemes must be adapted to this new law. HEINEKEN and the trade unions have agreed upon a the new pension scheme and about the way in which the transition to the new pension scheme should take place. All of this is laid down in the transition plan. We have made a summary of the transition plan.Read the summary of the transition planRead the transition plan (only in Dutch)

There will be new rules for pensions with the new pension system. This means that the Heineken Pension Fund will have to make important choices in the near future. We have therefore conducted a survey into how much risk you want to take with your pension. Many (former) participants and pensioners have completed the survey. Thank you very much for participating in this survey! We are currently assessing the results. You will hear from us shortly. We will inform you at least on our website and in the next newsletter.We would like to keep you informed about developments in the new pension system through our webpage about the new pension system.

There will be new rules for pensions. This means that the Heineken Pension Fund will have to make important choices in the near future. We think your opinion is important for these choices. We would like to hear from you how much risk you want to take with your pension. We would like to hear that through this survey. You will soon receive a survey for this. Keep an eye on your email and/or post!

Retirement rules worked well for years, but that is changing. It is not clear enough how much money people pay for their retirement. And is the economy doing well? In that case, the pensions can sometimes still not be increased. That feels unfair. Thirdly, people change jobs more often, stop working for a while or start their own company. The rules for pensions do not fit this situation well. Therefore they need to be adjusted.We want everyone in the Netherlands to be able to receive a good pension. Even the generations after us. That is why the unions, employers and the government have jointly made new rules for pensions. In the coming years we will implement these new rules together.Your future pensionMuch will continue to exist in the future: the AOW for everyone and the pension through the employer. You will continue to receive pension as long as you live. And if you die before you retire, your partner will often receive a pension. This is all possible because we continue to arrange pensions together: unions, employers and the government.With the new pension rules, you can see more clearly how much money you and your employer put into your pension and how quickly this amount grows. Under the new rules, it is not possible to determine in advance how much pension you will receive when you stop working. Your pension fluctuates: it grows when the economy is doing well. But your pension can also be lowered if things get bad. The rules ensure that the movements do not become too large. Plus, they get smaller as you get older. Because the closer you get to your pension, the more precisely you want to know how much money you can count on. Every year you will receive information about the new level of your pension.In short: with the new pension rules you can see more clearly what the accrual of your pension is. Your pension can increase more quickly if the economy is doing well. And we ensure that the generations after us can also build up a good pension.

Your pension will be increased with 3.13% per January 1, 2025. This percentage is the maximum increase that we can give.We have the ambition to increase your pension every year with consumer prices. The policy funding ratio of September 30, 2024 determines the decision to increase pensions. The policy funding ratio was 138.6% on September 30, 2024. This is sufficient to fully increase the pension per January 1, 2025. There is no room for making up ungranted increases from the past.For the decision to increase pensions, we take the increase in consumer prices over the period November 2023 to October 2024 into account. The increase of consumer prices over this period is 3.54%. This year, we also have to take the fall in prices in the period November 2022 and October 2023 into account. Prices fell in this period by 0.41%. Due to this fall in consumer prices, we have not been able to increase pensions as of January 1, 2024, but we did not reduced pensions either. The fall in consumer prices has yet to be processed. Therefore, we arrive at an increase of 3.13% in pensions per January 1, 2025: 3.54% - 0.41% = 3.13%.The board of the Heineken Pension Fund has the opinion that a full increase of pensions is appropriate and balanced. Part of the assets in the Heineken Pension Fund is now used to increase the pensions of participants, former participants and pensioners. This is in line with our indexation policy and strategy. There will also be sufficient capital left for future pensions and for the transition to the new pension scheme.Read more about the indexation on your pension on this page.

November 2,3 and 4 are the 3 Days of Pension. The 3 Days of Pension is an initiative from the Money Wise Platform to promote responsible financial behavior in the Netherlands and to promote financial resilience during retirement. The 3 Days of Pension is for all Dutch citizens. During the 3 Days of Pension, which takes place every year, pension providers, employers and advisers, among others, communicate about pensions. The Heineken Pension Fund is also participating in the 3 Days of Pension. During these three days we will share an animation with you every day.The animation of day 1 is about mijnpensioenoverzicht.nl. After logging in with DigiD, you can clearly see all accrued and expected pension amounts and AOW, including all details. Watch the animation video from mijnpensioenoverzicht.nl (unfortunately only available in Dutch).

You know how much you pay per month for your mortgage, telephone bill and sports subscription. But do you also know what percentage of your salary you pay for your pension? And did you know that your employer pays twice as much premium!You work one day a week for your retirement!What percentage of your salary goes to your pension?An amount of at least 20% of your salary contributes to the accrual of your pension. The total pension premium is 31% of the premium basis. * This may sound complicated, but it is actually quite simple. You pay premium about a premium basis. The premium basis is equal to the pensionable salary, the salary that is used for pension accrual, (maximum € 112,189) minus the premium franchise of € 14,549 (2021).ExampleIf you have a pensionable annual salary of € 45,000, the part over which you pay premium is € 45,000 - € 14,549 = € 30,451. The total pension contribution that is paid is approximately € 9,440 on an annual basis. You do not pay this alone. You only pay 1/3 of the pension contribution. Your employer pays 2/3 of the premium. In this example, you pay € 3,146 annually in pension contributions and your employer pays € 6,294.*This only applies to participants who fall under one of the CLAs.You also pay a premium for the AOW of the current state pensionersIn addition to the premium for the pension scheme at your employer, you also pay a premium for state pension (AOW). This amounts to 17.9% and is deducted from your wages by means of the tax. The premium for the AOW is capped (up to a salary of € 35,129 for 2021). The money is intended to pay the state pension for current pensioners. Those who work then will pay the AOW-premium whence your AOW will be paid in the future.In short, a lot of money goes to your pension! Probably more than to your house. In our opinion a good reason to see what your pension will be in the end. On www.mijnpensioenoverzicht.nl or via the pension checker app (IOS of Android) you can see what pension you will receive on your retirement date.  

Pension is an important and valuable employment condition. But do you know how much pension you will receive when you retire? What your partner and your children receive if you die? And how high the State Pension (AOW) is? These are important questions where you can easily find the answers to on mijnpensioenoverzicht.nl (only available in Dutch). Also our Pension Planner ''OnTrack'' helps you to plan your pension. After logging in with your DigiD, please choose English at the upper right corner to see the English Pension Planner. Mijnpensioenoverzicht.nlMijnpensioenoverzicht.nl is a platform where everyone who accrues pension in the Netherlands can get insight into the pension at various pension providers. You will not only find the pension of the Heineken Pension Fund, but also the pension that you may have accrued through previous employers. Your State Pension is also included. You need a DigiD to log in.Pension plannerYou will find information about your pension of the Heineken Pension Fund in our Pension Planner "OnTrack". The Pension Planner helps you plan your pension and can give you insight into your financial situation. You first determine how much pension you need based on the expected expenses after your retirement. Then you see how much pension you actually have. Subsequently, you can make choices with your Heineken pension. You immediately see the consequences for the height of your pension with the various choices! You have the option to plan only your Heineken pension (your Heineken pension is already been entered) or to upload all your pension data (AOW and other pensions) throughmijnpensioenoverzicht.nl. You can also add the other details such as your monthly expenses, your savings/investments and any annuities yourself. You can also add your partner to OnTrack.

In this last blog of 2021 we can conclude that the pandemic has still strongly determined the life and work of all of us this year. But the financial situation of the Heineken Pension Fund has been influenced.The low funding ratios of last year are still reflected in the so-called policy funding ratio. The policy funding ratio is the average of the funding ratios of the past 12 months. In order to base decisions that are financially far-reaching for participants and the pension fund on an average and more stable reflection of the financial situation, the policy funding ratio is leading in such decisions. Far-reaching decisions are for instance the decision to decrease or increase pensions.At the end of September, the policy funding ratio of the Heineken Pension Fund was 105.5%, which is insufficient to increase pensions on 1 January 2022 based on the applicable law and regulations. However, the financial situation of our pension fund is still enough to ensure that no cutbacks of pensions will need to be made.You may have heard in the news that pension funds are allowed to increase pensions at a policy funding ratio of 105%. Unfortunately, this has not yet been laid down in regulations, which is why the pension fund cannot yet execute this. Should an increase in pensions later prove to be possible, the board will still assess whether the pensions can be increased.Happy Holidays and a Happy and Healthy New Year!

Since September 29, 2023, Vrumona is no longer part of HEINEKEN. The sale of Vrumona has some consequences.Consequences pension (Former) employees of Vrumona will retain the pension that they have built at the Heineken Pension Fund. If you have any questions about the pension at the Heineken Pension Fund, please contact us.For pensioners who have worked at Vrumona, the sale of Vrumona has no consequences for the pension. The pension with the Heineken Pension Fund will continue unchanged.Consequences PUM Vrumona products are no longer sold in HEINEKEN's PUMs.The PUM of Vrumona is no longer accessible to employees of HEINEKEN and pensioners of the Heineken Pension Fund. Not even for the pensioners who have worked at Vrumona.

In response to the announcement that pensions will not be increased as of January 1, 2024, a number of questions have been asked. In this post, we will answer the frequently asked questions.How is the amount of the increase in pensions determined?Pensions can be increased each year by a maximum of the increase in consumer prices. The board takes an annual decision on this. Pensions can never be increased by more than the increase in consumer prices.To determine the increase in consumer prices, we use the consumer price index of the Central Bureau of Statistics (CBS). We are looking at the period October – October. Consumer prices over the period October 2022 – October 2023 decreased by 0.41%. There is no increase in consumer prices and therefore no possibility of increasing pensions. However, in the event of a fall in prices, pensions will not be reduced.If there is an increase in consumer prices, the increase in pensions will also depend on our policy funding ratio. Read more about this in the next question.The (policy) funding ratio is high. This means that there is enough money to increase pensions as of January 1, 2024. So why are pensions not being increased?First of all, there must be an increase in consumer prices (see the answer to the previous question). If there is an increase in consumer prices, the level of the policy funding ratio as at September 30, 2023 will determine whether pensions can be increased with a full increase in consumer prices or partially.An increase of pensions can only be granted if the policy funding ratio is at least 110%. If the policy funding ratio is between this lower limit of 110% and the current upper limit of around 140%, an increase in pensions (indexation) can only take place partially. If the policy funding ratio is equal to or higher than this upper limit, full indexation can take place.The policy funding ratio was 134.4% on September 30, 2023. According to the legal rules and our pension increase policy, we could partially increase pensions. However, we cannot increase pensions because consumer prices have fallen rather than risen.I have a feeling that prices have gone up. How comes the Heineken Pension Fund to the conclusion that prices have not risen?That feeling is true. The prices of food and many other things have risen in the past year. However, energy prices have fallen considerably. As a result, consumer prices have fallen overall. It is important to know that CBS has changed the way in which they calculate consumer prices. In 2022, energy prices counted heavily. In June 2023, CBS adjusted the way in which energy prices are incorporated into consumer prices. Hopefully in the future, this will not lead to the same extreme influence of energy prices in consumer prices. In this article, CBS explains the new method in more detail. Basically, the bottom line is that the increase in prices was overestimated in October 2022 and underestimated in October 2023.Where can I find more information about CBS consumer prices?On the CBS website. In this news release on the CBS website, you can read more information about the increase in consumer prices in October 2023.Why can other pension funds increase pensions and Heineken Pension Fund cannotEach pension fund has its own pension increase policy and the financial situation of each pension fund is different. For example, a pension fund may use a different period in its policy to assess the change in consumer prices. We use the period October – October. For example, some other pension funds use July to July: then there was an increase in consumer prices. However, the increase in the previous year was less high in the period July and July than in October and October.Some pension funds have only partially increased pensions in 2023 and can (partially) make up for this unincreased part in 2024 on the basis of temporarily expanded statutory rules. This does not apply to us because in 2023 we have increased pensions by the full increase in consumer prices.YearIncrease in pensionConsumer prices20240,00%-0,41%202314,33%14,33%Why can't we be compensated now for missed increases from the past?It is our ambition to achieve a pension that retains its value. In order to make up for missed increases in the past, statutory rules apply with regard to, among other things, the level of the policy funding ratio. Despite our relatively high policy funding ratio of 134.4% on September 30, 2023, our policy funding ratio is not sufficiently high to make up for missed increases in the past.

The Board has decided to increase the pensions by 14.33% per January 1, 2023. For pensioners the increase of the pension benefit will be processed with the pension benefit for the month of February. You will then receive the increase twice. This means that the regular pension amount is received in March.This is equal to the increase in consumer prices between the end of October 2021 and the end of October 2022. This is the maximum increase that we can give (based on the consumer price increase from October 2021 to October 2022).For this decision, we have used the temporary regulations that enabled us to increase pensions in full. Without these regulations, we would have been able to make up for a maximum of 75% of the price increase, despite our very high funding ratio. The temporary regulations anticipate on the new pension system. As a result, it is already possible to increase the pensions if the policy funding ratio is higher than 105% and the remaining funding ratio after the increase does not fall below 105%. The policy funding ratio of 30 September 2022 was decisive for our decision to increase pensions. The policy funding ratio was 131.2% on 30 September. That is sufficient to increase the pension per 1 January 2023 as much as possible.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.Long-term generation effects of indexationThe 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% in relative terms.

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. Among other things, about partner's pension, the choice to merge pensions and the new pension scheme. If you want to know more about the new pension scheme, watch one of the webinars below.It is good to know that you can find all general information about your pension on our website.Log in to MyPension with your DigiD for your personal pension with HEINEKEN. On www.mijnpensioenoverzicht.nl (log in with DigiD) you can see a complete overview of your pension, including state pension from the government and any pension you have accrued with previous employers.Watch the webinars here:Tuesday 12 November, webinar for current employees at HEINEKEN (NL) Click here for the presentation (Dutch).[embed]https://www.youtube.com/watch?v=gK_J88qRvTM&t[/embed]Wednesday 13 November, webinar for former employees at HEINEKEN and pensioners (NL) Click here for the presentation (Dutch).[embed]https://www.youtube.com/watch?v=1a4aIEppG-c&t[/embed]Thursday 14 November, webinar for current employees at HEINEEKN (EN) Click here for the presentation (English).[embed]https://www.youtube.com/watch?v=4knmHx7ll28&t[/embed]

The draft bill about the future of pensions provides an Association of Pensioners and an Association of Former Participants a right to be heard regarding the transition plan to the new pension agreement. Social Partners will contact the Association of Pensioners at Heineken (VvGH) about this. The interests of the pensioners are also represented in the Board and the Accountability Council of the HPF.There is no Association of Former Participants at HEINEKEN. The opinions of the former participants will therefore be investigated by means of a general survey at a later stage. Naturally, the opinions of pensioners and participants will also be surveyed.

The national Three Days of Pensions will take place on 1, 2 and 3 November. During the Three Days of Pensions we ask for extra attention for your pension. You know that you participate in a pension scheme, but how it works exactly..... During the Three Days of Pensions we will explain your pension scheme in a webinar.Follow one of the webinars and learn more about your pension scheme.Tuesday, November 1, from 9 a.m. to 10 a.m.; click here for the link (Dutch)Wednesday, November 2 from 3.30 p.m. to 4.30 p.m.; click here for the link (Dutch)Thursday, November 3 from 1 p.m. to 2 p.m.; click here for the link (English)

The pension fund is managed by a board. The board consists of eight board members, two on behalf of the pensioners. The representatives of pensioners are elected by the pensioners. As of November 1, 2025, there will be a vacancy on behalf of the pensioners on the board, this concerns also the key function holder for risk management.Vacancy board member / key function holder risk managementAs of November 1, 2025, there is a vacancy for a member on behalf of the pensioners on the board. The current board member and key function holder risk management, Michiel Kamermans, has indicated that he would like to continue his board membership. The Association of Pensioners at Heineken (VvGH) has therefore nominated Michiel Kamermans again as a board member.The board of the Heineken Pension Fund has the opinion that Michiel Kamermans is a good candidate, but also offers other pensioners the opportunity to put themselves forward as candidates. That is why we are looking for committed and skilled people who want to apply and can fulfil the role of board member and key function holder risk management. The requirements for a candidate are included in the attached profile (only available in Dutch).Who can applyAnyone who is entitled to a pension from the Heineken Pension Fund may apply. Most of the notes discussed are in Dutch, so it is useful if you can read Dutch.NominationYou can register your candidacy before the closing date of the application, October 21, 2025. Your application must be accompanied by a document bearing the names and signatures of at least twenty-five pensioners entitled to vote. We would also like to receive your motivation to become a member of the board.The following documents must be submitted at the time of registration:A copy of a valid ID;An up-to-date curriculum vitae (CV) that includes at least:Education and courses followed;Work experience;Ancillary positions.Mail your apply to Mike van Elburg, manager Policy and Communication: mike.vanelburg@heineken.com or send it to the following correspondence address: Heineken Pension Fund Foundation Attn. Election Committee Board P.O. Box 28 1000 AA AmsterdamIf necessary, the election committee will request additional information. Furthermore, the following training courses may be part of the appointment process:Following an (introduction) course with a positive end result; andIf necessary, one or more training courses or introductions that are intended to increase the existing competencies to the level of the required competencies.Finally, the Dutch Central Bank (DNB) assesses whether the candidate in question is suitable for the position.PlanningAn election committee, consisting of two members of the board and the management of the implementing organization, will invite candidates who are deemed suitable on the basis of their CV and the other documents for an interview. If, as a result, the election committee judges that there is more than one suitable candidate, an electoral list is drawn up. Elections will then take place. To this end, a call to vote will be sent to all pensioners.As soon as the qualified and possibly chosen candidate is known, he or she will be appointed.Acquisition in response to this vacancy is not appreciated.

The national Three Days of Pensions has taken place on 1, 2 and 3 November. During the Three Days of Pensions we have organised webinars to explaine the Heineken pension scheme. Did you miss our webinar? Please watch the webinar here.