How secure is your pension?

Your pension is not certain. Risks may arise for you pension and there may be a pensions shortfall. For example:

• The average age of people in The Netherlands is increasing. As a result, we have to pay their pensions for a longer time. And we need more funds to meet our pension commitments.
• A low interest rate makes pensions more expensive. As a result, our pension fund will need to be better funded to be able to pay all pensions.
• Our investments results may be disappointing.

In layer 2 you can read more about our financial situation and the policy funding ratio. If these are poor, your pension may become lower.

Each year the pension fund tries to increase your accrued pension, also referred to as indexation. The purpose of indexation is to keep the value of your pension in line with the increase in negotiated wages or prices, if higher. Your pension will only be increased if the pension fund’s financial situation is sufficient.

Over the last 5 years the pensions have been adjusted as follows
As of January 1st, the pension for 2026 for active participants who are still accruing pension benefits has been increased by 4,41%. The pensions of retirees and former participants who are no longer accruing pension benefits have been increased by 2,65%.

More information?
More information on pension increases is available at Indexation (pdf).

If there is a deficit
If we have a deficit we may have to take measures. These are listed in our recovery plan.br> For example:

• Your pension will not grow (entirely) in line with prices.
• Your pension will decrease. This only happens if we have no other options.

In layer 2 you can find more information on the financial situation, the policy funding ratio and the possible consequences for your pension.