Each year, the board assesses whether the fund's financial position is good enough to adjust your pension in line with price increases. We call this indexation.
Money loses value due to inflation. This also applies to your pension. Nedlloyd Pension Fund therefore tries to adjust your pension that is placed with Nedlloyd Pension Fund every year to the price increase from September to September. This way your pension keeps its value.
Whether your pension is actually increased, depends on the financial situation. For example, the policy funding ratio must be at least 110%. On January 1, 2023, pensions at Nedlloyd Pension Fund were increased by 13.9%. Prices rose by 14.5%.
If the financial situation is adverse, Nedlloyd Pension Fund may cut pension entitlements and rights.