On 16 October 2025, the board of Pensioenfonds PGB decided to increase all pensions by 1.7%. The increase comes into effect on 1 January 2026 and applies to everyone who receives a pension from us or who accrues or maintains pension entitlements with us on 31 December 2025.
Your pension will be increased by 1.7%. A pension of €1,000 will therefore amount to €1,017 after the increase.
All pensions will be increased with effect from 1 January 2026.
Yes. We will increase the pensions of everyone who accrues or maintains pension entitlements with us or who is receiving a pension from us on 31 December 2025.
An increase must be balanced for all participants. The board always carefully considers how much pensions can be increased in relation to how strong its buffers (financial reserves) must be. These buffers are necessary to absorb investment risks. The buffers ensure that we do not have to reduce pensions immediately after an investment loss. It's important for all our participants that Pensioenfonds PGB remains financially healthy and that it doesn't have to reduce pensions. The increase of 1.7% is a balanced choice for all our participants.
To determine the maximum amount by which we can increase pensions, we first look at the average price increase (inflation) over the past period. This was 3.0%. By how much we can increase pensions also depends on our financial situation. To this end, we look at our coverage ratio as at 31 December 2025. The coverage ratio indicates our financial position as a pension fund. This means whether we have sufficient assets to continue to pay pensions in the future. To be able to increase pension payments in small steps, we need a coverage ratio of at least 110%. On 31 December 2025, we expect our coverage ratio to be approximately 123.5%. According to the statutory rules, we can therefore increase pensions by 1.7%.
There could be three reasons for this:
No, the transition to the new pension system has not affected this increase. The board has used the maximum scope within the current policy to increase pensions.
If you are not yet receiving pension benefits from PGB, you will be able to see the increase on mijnpgbpensioen.nl in the beginning of 2026 at the latest. This is your personal online environment at Pensioenfonds PGB. You simply log in with your DigiD.
If you are already receiving pension benefits from PGB, the increase will be included in your pension payment from January 2026.
Are you accruing pension capital in a defined contribution scheme? For example, because you work in the sea fishing or wholesale of flowers and plants sectors? In that case, you accrue pension capital with us and your pension is not dependent on the coverage ratio. This means we will not increase your pension capital. Conversely, we will not reduce your pension if the funding ratio is too low. Your pension capital increases due to the amount you and your employer pay, and because of the investment return on your pension capital. If we already purchased a pension from your accrued pension capital or if you already receive a pension from us, that pension will be increased.
You will receive the 1.7% increase on the basis of your reduced pension. This is because the 1.7% increase is independent of the earlier reduction of your pension. You received a letter from Bpf AVH about this at the end of 2020.
That depends on your preferred communication method.
In that case, your monthly specification for January will be ready for you on your personal page at mijnpgbpensioen.nl by the end of February at the latest. You will automatically receive a message about this.
In that case, you will receive your monthly specification for January 2026 by the end of February at the latest. Alternatively, you can view your specification on your personal page at mijnpgbpensioen.nl. Your monthly specification for January will be ready in your personal online environment by the end of February at the latest.
Are you already receiving pension payments and are you entitled to government benefits, for example, housing benefits or healthcare allowance? In that case, you may receive too much in benefits for 2026. Due to the increase in your pension, your income will have increased in 2026. Consequently, you may no longer be entitled to benefits or they may need to be reduced. Therefore, notify the Tax and Customs Administration of your new income via 'My benefits' as soon as possible. This way you can avoid having to pay back any excess benefits later on.
Do you have any questions about this or are you not sure what to do? Please contact the Tax Information Line. 0800 0543 (Freephone).
That depends on your personal financial situation. Your gross annual income may increase due to the increase in your pension. Consequently, part of your income may fall into a higher tax band. If so, you will be paying more tax on that part. More information about current rates and tax bands can be found on Belastingdienst.nl. In addition to the pension you receive from us, do you have any other income, such as a state pension or a pension from another pension administrator? In that case, you may end up having to pay additional tax at the end of the year. This is because the Tax and Customs Administration adds up all your income in a year. Part of that income may then fall under a higher tax band. Want to know in advance how much you have to pay back? Contact the Tax and Customs Administration for a provisional assessment.
We don’t know yet. At the end of 2026, we will reassess whether we can increase pensions. We expect to switch to the new pension system on 1 January 2027. If we are still in a good financial position by then, we can increase pensions of those participants by a higher percentage during the transition. This is because in the new situation, we do not need to maintain as high reserves. This means we can use part of those reserves to further increase your pension at that time. Under the new pension system, pensions will move in line with the economy. This means pensions can increase more quickly when the economy is doing well. But they can also fall if things go wrong. You can find more information about the new pension system on our website.
If your employer chooses not to convert already accrued pensions to the new rules, we will continue to increase your accrued pension until the transition in accordance with the current rules.
In both situations, we can only increase pensions if we have sufficient funds in accordance with the applicable legal rules.
Yes, we do. After this increase, Pensioenfonds PGB will maintain a financial reserve that is sufficient to pay out pensions now and in the future. The increase will be incorporated in the coverage ratio from October 2025, because the decision on this was taken in that month. Click here to read more about coverage ratios.