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.

After working as a temp for a year, I joined Mars as a permanent employee in 1978. In the beginning as a packer. Through internal training I became a process operator. Twelve years later I was elected to participate in the works council. And now I am a director of the Mars Pension Fund.

To find out whether our communication is appreciated by you, it is good to do some research on this. That is why we asked members and pensioners to complete an online survey in June. Overall conclusion: we are on the right track!

... Are you going to work part-time? And what about part-time retirement, anyway?

Price developments may affect the composition of a particular portfolio, as a result of which it may temporarily deviate from the Life Cycle and Free Investment. This is checked once a year and adjusted if necessary. This annual check was performed in July for the Vanguard funds in the Life Cycle and Freely Invested.