Conditional indexation in 2015
The Board has decided to increase the retirement pension and partner pension by 0.2% with effect from 1st July 2015. Temporary pensions that have been opted for under Regulations V and VI will also be increased by 0.2% with effect from 1st July 2015. Price developments over the period from March 2014 to March 2015 amounted to 0.2%. Our ambition has therefore been realised.
In line with the indexation policy, no indexation was granted in 2012. The indexation that was not granted amounted to 2.2%. If the financial resources allow it, the Board may decide retroactively to (partially) grant any indexations unallocated or only partially granted in the past. Half of the indexation not granted in 2012 was granted in 2014. The financial position of the Pension Fund does not permit catch-up adjustment in 2015. As a result, the Board has decided against granting catch-up indexation as of 1st July 2015.
Retirees and former participants have since received an indexation letter notifying them of this. The letter contains all the information about the adjustments as of 1st July 2015.
You can find a historical overview of all conditional indexations over the past 10 years in the brochure titled ‘2014 in brief’.