What does the postponement of the transition to the new pension mean for you?
There will be no changes to your pension until 1 January 2027. On 1 January 2027, you will switch to the new pension.
At that point, the funding level is important, as this reveals whether Pensioenfonds PDN has more assets than needed for a balanced transition to the new pension. If the funding level is higher than 109% (a buffer of more than 9%), PDN can distribute the surplus among everyone who has a pension with the fund. Read more about the importance of the funding level and how any buffer is distributed here.
For pensioners, the distribution of any buffer translates directly into higher pension benefit payments. Postponing the transition date to the new pension means that any increase to their pension, and by how much, will remain uncertain for longer.
Pensioenfonds PDN is doing two things to limit this uncertainty.
- Since the funding level is satisfactory at present, the Board has adjusted the investment policy. This ensures that the funding level changes less in line with the economy, reducing the likelihood of the funding level being too low at the time of the transition to the new pension. Read here how the Board did this.
- Since it will take longer before any buffer can be distributed, the Board of Pensioenfonds PDN will be looking into the possibility of making the fund’s indexation policy more flexible. The Board is favourably disposed towards awarding full indexation for 2025 if the funding level is good, which everyone could then benefit from on 1 January 2026.
However, the Board must strike a balance between, on the one hand, endeavouring to maintain the pensions’ purchasing power and, on the other, achieving a funding level on the transition date that enables a fair and balanced transition to the new pension for all employees, former employees and pensioners.