To determine whether there is inflation and how much, we use the derived Consumer Price Index (CPI) for all households published by Statistics Netherlands (CBS). The period we assess is October 2024 - October 2025. According to this measure, inflation was 3.01%.
The 1.9% increase to your pension is lower than the inflation rate. Due to legal regulations, we are unfortunately not allowed to grant the full inflation adjustment.
The legal rules are as follows:
- The fund must be financially healthy. Fortunately, we are: our current policy funding ratio is 134.3%.
- We may only increase pensions if we meet the legal requirements for Future-Proof Indexation (in Dutch: Toekomstbestendig indexeren: TBI). This means that when we raise pensions, there must be sufficient financial capacity to maintain this increase going forward.
The policy funding ratio at which we are allowed to fully index pensions is called the TBI threshold. As of the reference date (end of September 2025), this threshold was 146.7%. At that time, our policy funding ratio was 130.7%.
Because this is below the TBI threshold, we are allowed to index your pension only by a portion of the inflation rate.
