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.
We are expected to implement the new pension scheme from January 1, 2026. We are preparing for this, so that this transition is done carefully. For example, in 2024 we switched to a new pension administration system. In this administration system, we can administer our current and future pension scheme. In short: with this administration system we are ready for the future.
Your pension scheme will change from January 1, 2026. In the coming months, we will explain the new pension scheme to you in small pieces. This time: the change in the way we build up pension.
You can find the premium and allowance letter in MyPension (log in with DigiD). In the video, we tell you why you should read this letter and show you where to find it.