ABP (government and education), the largest pension fund in the Netherlands, will increase pensions by 2.39% from next month. With a net pension of 1000 euros per month, that saves around 24 euros. In addition, retirees will receive an extra 1.2% in the first six months of this year. The ABP pensions have not been increased since 2008.
Chairman of the Board Harmen van Wijnen: “I am pleased that this is possible and that we can implement the increase with immediate effect in July. At the end of last year that was not possible because the financial situation did not allow it,” he said. Directors of ABP. The pension fund has approximately 3.1 million participants.
Yesterday, the SME pension fund of the metals and technology sector announced that it would increase pensions by 1.29%. The Zorg en Welzijn pension fund is also expected to follow this week with an increase.
The increases do not come close to inflation. Last May it was 8.8%. According to pension funds and experts, the possibility of a further increase in pensions depends on the financial markets. For example, pension wealth increases when stock and real estate prices rise. With the new pension system, pensions will continue to develop along with the economy.
Does the increase in pensions relieve the wallet? We spoke about this with Jan Berk:
Source: NOS
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