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:

Employed before 1-1-2016
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).