Will my pension with SSPF increase?
Every year, pension funds try to increase pensions in line with the rise in consumer prices. This is called ‘indexation’. Thanks to the change in indexation rules as part of the transition to the new pension system, pension funds are now able to index more and faster than they could before. You may already have read media reports on the same subject for other pension funds.
Just as it does every year, the board of SSPF is trying to increase the value of your pension this year
In 2022, the board of SSPF granted both an indexation of 5% and a catch-up indexation of 0.7%. However, both will only actually be possible if permitted by the pension fund’s financial situation. This is why the increase isn’t guaranteed and the decision on whether or not to go ahead with it is made on an annual basis.
You will be notified in February 2023
You will be notified of any (gradual) increase once the final indexation percentage has been set. We are expecting this to happen at the beginning of February 2023. The increase will be paid in March 2023.
Do we have your correct contact data?
We will only be able to keep you up-to-date on the above if we have your correct contact details. So, please check and update your details (if necessary) via my-Shell pension.