Blog Eric Uijen: Budget day
The cabinet today announced measures to support purchasing power. Eric Uijen writes in his blog about what this means for PME, our retirees - and for people who are not yet retired.
Coverage ratio August
At the end of August 2023, our current funding ratio decreased to 112.9% (end of July: 113.0%). The policy funding ratio decreased to 115.3% (end of July: 115.8%).
Funding ratio rising steadily
In the second quarter 2023, the funding ratio increases from 111.5% to 113.5%. This is due to a slight increase in assets from €51 billion to €51.9 billion and a slight decrease in liabilities from €45.8 billion to €45.7 billion.
‘Lump sum’ option postponed again
The introduction of the ‘lump sum’ option has been postponed again. The commencement date of 1 January 2024 is not feasible. The new pension option will take effect on 1 July 2024 at the earliest. The government announced this on 5 July.
Future of Pensions Act to take effect on 1 July 2023 following approval by Senate
The Future of Pensions Act will take effect on 1 July 2023. The Senate passed the associated bill on 30 May. From 1 July 2023 onwards, pension funds will be able to prepare for the transition to new pension rules