How certain is your pension?

How certain is your pension?

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The amount of your pension is not certain.
There is a possibility that we will not be able to adjust your pension to inflation. Our pension fund faces risks including the following:

  • People are living longer on average. As a result, we have to pay pensions for longer.
  • Low interest rates make pensions more expensive. Our pension fund therefore needs more money to pay the same pension.
  • Our investment results may fail to meet expectations.
  • Please see our website for more information about our financial situation (in Dutch) and the policy coverage ratio. These aspects could affect your pension.
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We try to ensure that each year your pension grows to match price increases. This is called pension increments. This is only possible when our pension fund's financial situation is at a sufficient level. In recent years we have indexed our members' pensions as follows:

 

Indexation

Price rise

2018 0,00% 1,70%
2017 0,00% 1,38%
2016 0,00% 0,32%
2015 0,00% 0,64%
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If there is a deficit, we take one of more of the following measures as required:

  • Your pension is not entirely keeping pace with inflation.
  • Your contribution is being increased.
  • In the most extreme case, we will lower your pension. In 2013 Bpf MITT lowered the pensions by 4.3%.