December 2024

Your pension will increase by 1.27% with effect from 1 January 2025

We try to increase your pension each year, taking into account the rise in the cost of living and also the financial health of the fund. This year, we have carefully considered the interests of all members, both now and in the future. If you want to know how we arrived at this increase and what the considerations were, then read the explanation.

Questions about the new pension system

Now that the pension rules are about to change, we understand that you will have questions about them. So here are answers to the most frequently asked questions about the new pension system.

What will be done to prevent pensions decreasing too sharply in the new scheme?
The new system means that pensions will now move in line with the economy, so decreases can never be completely avoided. The new rules do however ensure that the fluctuations become less significant when you have retired. For example, by investing with less risk as you get older. (Younger people will have more time to absorb investment setbacks.) We can also 
keep pensions stable by means of a buffer for setbacks: the solidarity reserve. We build this up in more favourable times so that we can absorb or mitigate a pension fall in less favourable times. We spread windfalls and setbacks out over a three-year period. That’s how we will try to avoid large fluctuations.

Payment of your pension

We will transfer your pension to your bank on the following dates:  

Your pension will be in your account either on these dates or one day later.

Also interesting

- Pension overview for pensioners in November