The Pension Council has published the annual report for 2025, a year in which the Pension Council, the Pension Fund Manager and the Sr. Analyst of J&J Pension Fund OFP accomplished a great deal. In addition to normal activities, a significant amount of time and energy has been devoted to developing the new Pension Agreement, which must be implemented ultimately January 1, 2028.

The role of the Pension Council

The Pension Council, comprising representatives of both employees and employers and a retiree, plays a crucial role in advising the pension fund board, the central works council and the employers. Their advice focuses on issues such as pension scheme content, funding plans and communication policy. The Pension Council held several meetings each quarter to discuss the work of the three committees and the Pension Council as a whole. Each year, the Pension Council is answerable to the participants in an annual report.

Check out our pages about the new pension plan

In addition to its regular duties, the Pension Council is actively involved in the implementation of the Future Pensions Act (Wet Toekomst Pensioenen, Wtp). The implementation of this act will be the Pension Council’s focus for the coming years. The communications committee will continue to keep you informed about this via the website (www.pfjnj.nl) and other channels.

How are we doing financially?

The coverage ratio of our pension fund decreased in 2025, from 173% at the end of 2024 to 130% at the end of 2025. This was mainly caused by a reduction in the discount rate used to value pension liabilities and negative investment returns. At 130%, our fund has more than sufficient assets to meet all current- and future obligations.

Indexation advice for active and inactive participants

In 2025, the Pension Council provided five pieces of advice, including two advices related to the indexation of active and inactive participants. You can read the recommendations in the pension council report.

Would you like to find out about all the developments in 2025?

You can find the Pension Council Report 2025 in layer 3 of the Pensioen 1-2-3 in My pension.