As of 1 July, Dutch pension fund ABP will increase benefits by 2.39%. The increase was motivated by the Dutch government reducing the threshold for funding level for increases in benefits from 110% to 105%. As end May 2021, ABP’s funding ratio was 110.1%. The pension fund will weigh another potential increase in October, after analysing the effects of the current raise.

On 1 July, Dutch pension fund ABP will increase benefits by 2.39%.

“The increase what we will pay to our participants this year is a direct result of the fact that the legislature has looked at the current agreements with a somewhat milder view — with the view of the future,” said ABP CEO Harmen van Wijnen.

Wijnen also mentioned that participants had also been waiting “a long time for an increase.”

Source: https://www.pionline.com/pension-funds/dutch-abp-pension-fund-raise-benefits-239