We try to increase the pensions every year. This is called indexation. The board of Mars Pension Fund decides at the end of each year whether we can increase the pensions, and if so by how much. The indexation of the 'extra pension' of active members is known, but this year more time is needed for the decision about the indexation for pensioners and deferred members. In this article we explain why.
The indexation of the 'extra pension' is known
The Final Pay Plan has been adjusted several times in recent years. Part of the pension was then set aside. This pension is the 'extra pension'. We try to increase this pension every year. This increase is linked to the wage increase. You can read more about this on this page. This year, the 'extra pension' of active members will be increased by 7.23%.
How much increase is possible for pensioners and deferred members?
Increasing pensions is only possible if the financial position of the fund is good enough. Full indexation according to our policy means that pensions can increase by 75% along with the price increase, up to a maximum of 3%.
Mars Pension Fund uses the consumer price index (CPI) for all households from September to September for this calculation. This figure is determined annually by the Central Bureau of Statistics (CBS).
Why is more time needed for the decision on indexation?
Over the past year, something has changed in the way CBS calculates the consumer price index. Mars Pension Fund has conversations with the employer about the consequences of this new method of calculation for the height of the indexation. More time is needed for those conversations.
When will the decision on indexation be made?
We do not yet know when the final decision on indexation for pensioners and deferred members will be taken. We will inform you as soon as that decision is known.