Each year, the board of your pension fund tries to increase your pension by the increase in prices. That way, your pension retains its value as much as possible. Good news! Our policy coverage ratio at the end of September is in all likelihood good enough to partially increase pensions as of January 1, 2022.

In order to decide whether we can increase your pension on January 1, 2023, we look at the the policy coverage ratio as of the end of September 2022. That is our measuring moment. The policy coverage ratio as of the end of September is not yet known, but in all likelihood it will be sufficient to at least partially increase the pensions. 

High inflation

To determine how much we can increase your pension, we look at the rise in prices (inflation), measured from October 2021 to October 2022. During this period, prices rose dramatically. The final inflation rate for this period has yet to be calculated, of course, but is now estimated at about 12%. A record increase! 

Rules for increasing pensions

For increasing pensions, the legal rules apply in the first instance. We are also bound by the rules and conditions laid down in our pension regulations. One of these rules is that we may increase your pension by a maximum of 4%. A full increase in your pension as of January 1, 2023 with the increase in prices will therefore also not be an issue. 

When will the final decision be made?

The board will decide in December about increasing your as of January 1, 2023. We will inform you about this through our website and through our December 2022 digital newsletter. You will receive this from us if you have recorded your e-mail address in My Details in MyIFFPensioen. So record your e-mail address, if you want to receive a personal message when we have decided on increasing pensions.