On 20 July 2022, the Bpf Koopvaardij board decided to grant an extra supplement to your pension. As of 1 January 2023, Bpf Koopvaardij will increase your pension by 0.84%.
Why is Bpf Koopvaardij increasing your pension?
As of 1 January 2022, Bpf Koopvaardij increased your pension by 0.44%. However, the government has recently relaxed the rules for granting supplements. Pension funds may temporarily calculate using a lower limit when granting supplements. This means that an additional supplement is possible. Bpf Koopvaardij is now using this statutory possibility.
How was the percentage of 0.84% calculated?
When deciding on the extra supplements, Bpf Koopvaardij considered two issues:
1. Which period is leading for the granting of supplements?
Bpf Koopvaardij aims to have your pension increase partly in line with the cost of living in a certain period. The period in question is laid down in the pension regulations. For the granting of supplements as of 1 January 2022, Bpf Koopvaardij examined the increase in the cost of living in the period from 1 July 2020 up to and including 30 June 2021. The increase was 1.29%.
2. How much supplement has already been granted?
In January 2022, Bpf Koopvaardij increased your pension by 0.44%. The additional supplementation as of 1 January 2023 of 0.84% compensates the full price increase of 1.29%. This may seem a strange addition. However, the percentage is slightly lower, because Bpf Koopvaardij now calculates this supplement on the previously granted supplement of 0.44%. In total, the result is the same. You have therefore received this 1.29% in two steps.
In late 2022, Bpf Koopvaardij will decide on granting supplements in 2023
Prices have risen sharply in recent months. In November 2022, Bpf Koopvaardij will decide whether this will lead to a new supplementation as of 1 January 2023. For this purpose, Bpf Koopvaardij will consider:
- the increase in the cost of living from 1 July 2021 up to and including 30 June 2022;
- financial situation of Bpf Koopvaardij; and
- the applicable statutory regulations at that time.
When will you notice the effects of this supplementation on your pension?
Bpf Koopvaardij will process the supplementation of 0.84% as of 1 January 2023 in your build-up pension or in your pension benefits. If the board decides in November 2022 to grant a supplement related to the increase in the cost of living between 1 July 2021 and 30 June 2022, this supplement will also lead to an increase in your built-up pension or in your pension benefits as of 1 January 2023. The supplements will then be added together.
You will receive a letter after Bpf Koopvaardij has taken a decision in November 2022 about the possible granting of supplements as of 1 January 2023. This letter will provide a further explanation about the extra supplementation and the possible new supplementation as of 1 January 2023.