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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.

What this increase means for you

Whether you are still working or have already retired, the increase is for everyone.

Have you retired?

  • Your pension will be increased by 3.26 percent.
  • Your first higher pension payment will be in your account around 23 January 2024.
  • You will receive a statement with your new 2024 pension payment before 23 January 2024.

Are you still accruing pension or have you accrued pension at PME?

  • Your accrued pension will be increased by 3.26 percent.
  • This means you will receive a higher pension when you retire.

Want to view your increased pension? Log in on our website after 1 February 2024.

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. 

Watch the webinar

Want to know more about your pension increase? You will hear all about it in the webinar on 7 December 2023. Watch the webinar with English subtitles starting 14 December 2023.

The webinar will be held in Dutch. You can watch the webinar with English subtitles starting 14 December 2023.