The board has decided to increase pensions by 4.00% as of January 1, 2022 (= 3.28% full indexation + 0.72% catch-up indexation).

For our members, the price index is the yardstick for indexing pensions. This is 3.28% as of January 1, 2022. The Board of Trustees has decided to increase pensions by 4.00% as of January 1, 2022 (= 3.28% full indexation + 0.72% catch-up indexation).

To be able to index, the Board of Trustees must take account of legal rules. We may only increase indexation fully if the policy coverage ratio is 123.3%. At the end of November, the policy coverage ratio was 127.2%, which is high enough to allow full indexation plus catch-up indexation.

We achieved this result thanks to a high policy coverage ratio. As the Board of Trustees, we are pleased with this result.