Whether or not the pensions are increased depends on our financial situation.
You can read more about this below. Would you like to know more about the increase in 2025? Click here for frequently asked questions about the 2025 increase.
Each year, the board decides whether the pensions will be increased. We try to increase your pension by the average price increase (inflation) in the past year. To this end, we look at the 12-month average of the 'consumer price index (CPI) all households' over the period from October of the previous year to September of the current year. For 2024, that 'CPI all households' therefore refers to the period October 2023 to September 2024. We can only increase your pension if our financial situation is good enough. To do this, the board looks at the coverage ratio. That is the ratio between our assets and the pensions we have to pay out.
Is our coverage ratio lower than 105%*?
The pensions will not be increased. They may even be decreased.
Is our coverage ratio between 105* and 110%?
The pensions will not be increased.
Is our coverage ratio between 110% and 136%*?
The pensions are increased by part of the average price increase.
Is our coverage ratio more than 136%*?
The pensions are increased with the average price increase. Have pensions been reduced before? Then this reduction can be reversed.
* These percentages have been rounded up and are not fixed. The board determines these percentages periodically.
- In 2023, the pensions were increased by 5.2%. The prices dropped then by 1.4%.
- In 2022, the pensions were increased by 7.0%. The prices increased then by 17.2%.
- In 2021, the pensions were increased by 3.0%. The prices increased then by 2.4%.
- In 2020, the pensions were not increased. The prices increased then by 0.7%
- In 2019, the pensions were not increased. The prices increased then by 2.8%
- In 2018, the pensions were not increased. The prices increased then by 2.1%.
- In 2017, the pensions were not increased. The prices increased then by 1.4%.
- In 2016, the pensions were not increased. The prices increased then by 0.2%.
- In 2015, the pensions were not increased. The prices increased then by 0.7%.
- In 2014, the pensions were not increased. The prices increased then by 1.0%.
- If the coverage ratio is lower than 105% for a period of 5 years.
- If the board expects that it will be more than 10 years before our coverage ratio is higher than 122%* again. We then spread the decrease over a period of 10 years.
* These percentages have been rounded up and are not fixed. The board determines these percentages periodically.