Pensions partly increased as per 1 January 2024

In consideration of the fund’s financial position, the Board has decided to grant partial indexation as of 1 January 2024. The indexation granted to active members is 1.92%, The pensions of pensioners and inactive members are not increased. Because the price development is negative, it is not possible to increase the pensions for the pensioners and inactive members.

The development of the employer's collective wage rate (from October 2022 to October 2023) was 3.0% (collective wage increase as of 1 April 2023). Price development based on the provisional consumer price index (from October 2022 to October 2023) was 1.98% negative.

Missed supplements are tracked by the Board. For pensioners and inactive members, the negative price development is deducted from the backlog of missed indexation.

In the future, the board will examine whether there is scope for granting the missed indexation.

See Increasing of pension for more information on this topic.