How secure is your pension?
Your pension is not secure because it is subject to risk. For example:
- People are living longer on average, because of which we are having to pay pensions to them longer.
- Low interest rates make pensions more expensive. Because of this, our pension fund needs more money to be able to pay the same pension amount.
- Our investments may fail to achieve the returns envisaged.
The participants' pensions are increased annually on 1 January in line with the rise in prices. Participants who have been employed since a date before 1 January 2016 and who have always accrued pension with J&J OFP Pension Fund will receive an increase of between 1.5% and 4% up to and including 2025. If prices have risen more than 4% in any year, the allowance for that year is renegotiated between the employers and the works councils. As of 1 January 2022 (over 2021), the pension has been increased by 3.4% for all participants.
In recent years, we have increased participants’ pensions as follows:
| increase-1 Employed before 1-1-2016 |
increase-2 Employed on or after 1-1-2016 |
Increased costs of living* | |
| 2022 | 3.40% | 3.40% | 3.40% |
| 2021 | 1.50% | 1.20% | 1.20% |
| 2020 | 2.70% | 2.70% | 2.70% |
| 2019 | 2.10% | 2.10% | 2.10% |
| 2018 | 1.50% | 1.30% | 1.30% |
*Source: Statistics Netherlands, consumer price index for all derived expenditure, October - October
Your employer will supplement any deficits sustained during the course of a year.
In layer 2 in My pension you can read more about these subjects (only available in Dutch).