Indexation

The pensions not have been supplemented on 1st January 2021 (over 2020). Your pension will not be curtailed. As of January 1st, 2018 your employer has a replenish commitment, which means that our pension fund will not be faced with a financial crisis situation. Only in the extremely rare circumstance that your employer cannot comply with the replenish commitment, your pension may have to be curtailed.

How does your pension retain its value?
Your pension retains as much of its value as possible through a supplement or indexation. STIP attempts to increase your pension each year by means of a supplement, but the decision to do so depends on its financial situation.

If you receive a supplement in a given year, it is not to say that you will receive a supplement again the next year. The supplement in one year can also be higher or lower than in another year. We call this conditional granting of indexation. A supplement therefore does not constitute a right. STIP's Board decides whether a supplement can be granted or not. In the next years chances are very small that your pension will be increased (indexation).

Conditional granting of indexation
STIP attempts to increase your pension in line with salary developments every year. If you no longer participate in the pension plan, or if you already receive pension, your pension will be adjusted to price increases. Increases are possible only if STIP has adequate cash reserves.

Date supplement
(active participants)
our ambition
(increase wages)
supplement
(inactive participants
and pensioners)
our ambition
(increase prices)
increase prices
 
1 January 2020 0.00% 2.50% 0.00% 1.73% 2.63%
1 January 2019 0.36% 2.10% 0.29% 1.68% 1.71%
1 January 2018 0.11% 1.60% 0.09% 1.30% 1.38%
1 January 2017 0.00% 1.90% 0.00% 0.40% 0.32%
1 January 2016 0.00% 1.20% 0.00% 0.40% 0.60%
1 January 2015 0.80% 1.10% 0.50% 0.70% 0.98%
1 January 2014 0.60% 0.80% 0.60% 0.80% 2.51%
1 January 2013 0.00% 1.70% 0.00% 1.70% 2.45%
1 January 2012 0.00% 1.30% 0.00% 1.30% 2.34%
1 January 2011 0.00% 1.10% 0.00% 1.10% 1.27%