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 1 January 2019, we will increase the pensions in payment by the full supplement: 1.41%. Mars Pensioenfonds takes the supplement decision every year in November. This is done on the basis of the price index and the policy funding ratio of September of that year. In September, the policy funding ratio was well above the required equity capital (approx. 123%). This is an important condition for granting a full supplement. A full surcharge means 75% of the price inflation.

There is a vacancy in the Advisory Committee of the Employee Selection Plan (MSP). The committee advises the pension fund board on the investments of the MSP, the funds that are available for opt-out and is responsible for monitoring and evaluating the investment policy and risk attitude. As a member of the committee you represent the participants of the MSP pension plan.

There have been some appointments within Mars Pensioenfonds (MPF). You can read more about this in this news item.

Very small pensions will expire from 1 January 2019. Suppose you leave Mars after 1 January 2019 and you have accrued no more than 2 euros gross per year in pension. According to the law, this pension then reverts to the pension fund.