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Indexation Policy

Progress aims to increase the (accrued) pensions each year. For indexation, Progress distinguishes between the following target groups:

  • Pensioners
  • Employees
           o 'active participants' who are currently accumulating pension entitlements through 
              Progress
  • Former employees
           o 'inactive participants' whose pension entitlements are still held by Progress

Unilever and the Dutch trade unions have agreed on a number of rules for indexation; these rules are specified in Article 11 of Pensioenreglement 2007 (2007 Pension Regulations). Progress is responsible for implementing the indexation process.

>> Article 11 of the 2007 Pension Regulations