For your pension from the MSP plan, you invest. You can decide how you want to invest in the mutual funds selected by MPF.

The Board has set the administration fee for participants in the Employee Selection Plan (MSP) for 2021. Mars Pension Fund has been charging these administration fees periodically again since January 1, 2020.

The pension agreement. You hear a lot about it, yet it still seems a long way off. What has happened since the last update in July 2020? And what do these developments mean for your pension at Mars Pension Fund? Time for an update.

On March 23, the Mars Pension Fund Board redefined the recovery plan for 2021. Every year we update this plan, based on the latest financial results. Good news: in the updated plan, we expect the policy coverage ratio to be back at or above the required equity (VEV) by the end of next year (2022).

At the end of February 2021, the policy funding ratio is 113.9%. This is an increase compared to January 2021. The policy funding ratio is the average of the current coverage ratios for the last twelve months. The current funding ratio increased from 119.3% to 123.1% in February.

The funding ratio of a pension fund is the ratio of the assets of the pension fund (the capital) to the commitments (the pensions to be paid). The funding ratio indicates whether the pension fund has sufficient funds to pay the pensions now and in the future.

As of January 1, 2015, the final pay plan and the ARP/ASP plan will be adjusted. This is because the government has decided that you can accrue less tax-free pension each year. MPF is obliged to adjust the pension plan to this new legislation.

The Pension Law changes as of January 1, 2015, therefore the pension accrual for future years goes down.

As an employee of Mars, you receive the Uniform Pension Overview (UPO) of Mars Pensioenfonds every year. This year you will receive the pension statement around October 7.

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