The Pension Fund endeavours to ensure that pensions in payment and deferred pensions keep step with price developments every year. The Pension Fund uses the derived consumer price index for all households, as compiled by Statistics Netherlands over the reference period from November of the year before last, to November of last year. This is the goal of the Pension Fund.
This indexation is conditional. The Board decides whether conditional indexation will be applied.
No reserves are set aside for this indexation and no contributions are paid. The Pension Fund pays the future increases to your pension from return on investment. Due to an increase already allocated and the expectations for the next couple of years, you will not immediately be entitled to increases in the future.
This indexation is applied on February 1 of each year. Over the past years we indexed pensions for former participants and pension beneficiaries as follows:
*In 2014 catch-up indexation was applied equal to half of the 2.2% indexation that was not granted in 2012, over and above the regular indexation. The indexation hiatus is now still 1.1%.