On September 15 and 16, so-called UPO meetings were held by the Executive Board of the Pension Fund. These were interesting meetings with a total of about 60 participants.
The meetings are organized after the participants of the pension fund have received their annual Uniform Pension Statement. They provide the Board with another opportunity to come into contact with the Fund's participants. And it offers opportunities to catch up and receive clarification on certain points.
See below for the frequently asked questions during the meetings.
Frequently asked questions UPS meetings
The assets have increased substantially but the policy coverage ratio has fallen. How can that be?
The continuously falling interest rate causes the liabilities to increase. The falling interest rate did have a positive impact on the return on investments.
Who decides whether pensions can be increased?
Within the margins of the pension law, the board determines that. That increase applies to pensioners as well as to members and sleepers.
How high was the long-term interest rate?
Interest rates fell from 0.5% to almost 0% But interest rates are now clawing their way back up.
Have participants been greatly inconvenienced by the resulting data breach?
Nee, er zijn geen gevallen bekend die te herleiden zijn naar het lek bij BSG.
Is it possible to take the accrued pension with you when you leave for a foreign country?
Yes but this is a very complex process. The fund also pays out when you are abroad.