PME to increase pensions by 0.3 percent

Each year, PME’s Board considers whether the fund is in a position to increase pensions. It does so because it is keen to see your pension rise with prices. PME can only increase your pension if the fund’s financial position and rules allow it to do so. We are happy to report that we are in a position to do so this year, too. On 1 January 2025, all pensions held with PME will increase by 0.3 percent. 

What this increase means for you

Whether you are still working or have retired, the increase applies to everyone.

Have you retired?

  • Your pension will be increased by 0.3 percent
  • This pension increase will first appear in your account around 23 January 2025
  • Before 23 January 2025, you will receive a statement showing your new 2024 payment for 2025

Are you still accruing pension or have you accrued pension at PME?

  • The pension you have accrued with us will increase by 0.3 percent
  • This means you will receive a higher pension when you retire
  • Want to see your increased pension? Log in to our website at the end of February 2025 or visit mijnpensioenoverzicht.nl

Why 0.3 percent? 

Unfortunately, our financial situation is not good enough to allow your pension to rise fully in line with prices. Based on the current rules, we are able to increase pensions by a maximum of 0.3 percent. 

Relaxed rules will not be applied this year 

In previous years, we have taken advantage of the rules that the government had relaxed to allow pension funds to increase pensions. With this easing, the government is already anticipating new pension rules. It will allow your pension to rise with prices sooner. As a result, we were able to increase pensions by a total of 11 percent in 2022, 2023 and 2024.

This year, we are not taking advantage of those relaxed rules. We are not doing so because there is also a significant drawback. You have to lower pensions sooner. And it is uncertain how interest rates and financial markets will develop. Turmoil in the world is a contributing factor. This explains why we are cautious. We are keen to minimise the risk of reducing pensions. And would also like to move to the new pension rules with a solid financial footing. We aim to transition on 1 January 2027.

What will an increase mean for the future?

We consider the short-term and long-term consequences of each decision, ensuring we carefully weigh up the interests of all participants. Increasing pensions now will benefit everyone. In fact, everyone’s pension will increase by 0.3 percent. 

Our financial reserve is important at this particular point in time when we are moving to the new pension rules. At that point, the money from the pension pot will be distributed. All the money that is being paid out now due to the increase cannot be distributed when we move to the new rules. Someone who is younger stands to benefit comparatively less than someone who is older. The older person will now benefit directly from the increase.

The effects of the increase are different for each age. We have factored this into our decision to increase pensions. To find out exactly how, please see this list of key questions (pdf).

Deepen your understanding

Read the answers to key questions here (pdf)
How secure is your pension? 
Information on the increase from 1 January 2024
Information on the increase from 1 January 2023
Information on the increase from 1 July 2022