The board has decided to increase pensions by 2.23% from 1 January 2025. This is a partial increase. 

Every year we look at how national prices have developed. Statistics Netherlands (CBS) shows that prices rose by 2.6% between October 2023 and October 2024. For our members, the derived consumer price index is the starting point for increasing pensions.

In addition, the pension fund's finances are important. To be able to increase, the board has taken into account the legal rules and its own indexation policy. We can only fully index at a policy coverage ratio of 131.5%. At the end of November, the policy coverage ratio was 128.1%, which is not high enough to allow a full increase.

These two components combined allow us to partially increase pensions by 2.23% from 1 January. For a monthly pension payment of 1,000 euro, this is 22.30 euro per month.