That was the decision made by the board on 16 October 2025. The 1.7% increase applies to everyone who receives a pension from us, accrues a pension with us or still has one with us. The increase will take effect on 1 January 2026.
Board member Edwin de Jong about the increase: "We're pleased that we can increase pensions for the 5th year in a row. But we also understand that this may be less than you'd hoped. While Pensioenfonds PGB is in a good financial position and prices have risen by around 3% over the past year."
The board carefully considers how much pensions can be increased by. For this, we look at the average price increase (inflation) over the past period (3.0%) and our expected policy funding ratio on 31 December 2025 (123.5%). We also take into account the reserves needed to absorb setbacks. We can increase pensions by 1.7% this year. That is the maximum permitted according to the legal rules.
If we are still in a good financial position by then, we can increase pensions by a higher percentage during the transition. This is because in the new situation, we no longer need to maintain such 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.
We would like to include you in our decision regarding the increase. More information about the increase in 2026 can be found on our special web page. Here you will also find our answers to frequently asked questions.
Just send an email to ks@pensioenfondspgb.nl and use ‘increase 2026’ in the subject line. We are happy to help you!