The Board of Pensioenfonds PGB aims to apply indexation to its pensions. Whether or not the pensions can be increased depends on PGB’s financial situation.
Unfortunately, there is little chance that your pension will be increased in the next few years. This is due to the fact that our coverage ratio is too low. The Recovery Plan, compiled by PGB, includes an explanation of the extra measures that Pensioenfonds PGB intends to take to ensure that the coverage ratio returns to the statutorily required level. If you would like to know more about this, please refer to our Recovery Plan.
If our coverage ratio is below 105% for five (5) consecutive years. If the Board believes it will take more than ten (10) years for the policy coverage ratio to be higher than 121%.
If there is chance of a reduction and it is actually implemented, we will spread the reduction over ten (10) years. A reduction is applied to all (accrued) pension claims and pension payments