Pension increase from 1 January 2021

The pension fund’s financial position is sufficient to grant a partial supplement. The pensions of all members will be raised by 0.24%.

Statutory rules have to be taken into account when allocating a supplement. The pension fund many only allocate a full supplement if its policy funding ratio stands at 121.7%. The policy funding ratio was 112.2% at the end of November, which is high enough to allocate a partial supplement. The benchmark for granting supplements is the relative increase in the (derived) price index over the period October 2019 - October 2020. This increase is 1.12%. The board has decided to increase the pensions by 0.24% with effect from 1 January 2021 (21.5% * 1.12%).

The final decisions on supplements are always taken by the board.