PME increases pensions by 3.26 percent
Every year, the pension board determines whether pensions can be increased. An increase is only possible if the fund's financial situation and the rules allow it. And this year they do. On 1 January 2024, all pensions at PME will be increased by 3.26 percent. This applies to everyone who receives a pension, is accruing pension or has accrued pension at PME.
Relaxed government rules
The increase is possible because the government has relaxed the rules. With this relaxation, the government anticipates the new rules for pensions. PME is expected to switch to these new rules in 2026.
Why 3.26 percent?
With the increase, your pension will partly grow in line with the increased cost of living. At the same time, we will have a buffer in case of a setback. Because there is no telling how the economy will develop. This way, we limit the chance that we will have to lower your pension in the future. That buffer is also important for the switch to the new pension rules in 2026.
What does an increase mean for the future?
With every decision we take, we consider the consequences in the short as well as the long term. We weigh the interests of all participants. Increasing the pensions now is positive for everyone, as everyone's pension will increase by 3.26 percent.
However, increasing the pensions will lower our coverage ratio. This has consequences for future increases. But also for the switch to the new pension rules. It means there will be less money to share out. The effects are different for each age. We have taken this into consideration for our decision on the increase. Read this list with key questions to find out more.