Indexation former employees and pensioners

Forward tries to increase the pension of former employees and pensioners every year. Our goal is a yearly indexation (as of 1 January) that equals the increase of prices in the Netherlands (CPI derived). This is possible only if Forward has enough money for this; the coverage ratio (‘dekkingsgraad’) must be high enough. If there is not enough money, we cannot increase your pension.

Your accrued pension can even be reduced. The Board may decide to do so when our coverage ratio is too low according to the Dutch Pension Act, and a short-term increase is not likely to take place.

Forward was established on 1 April 2015. Forward has increased the pension as followed:

1 January of the year Indexation Increase prices
2024 0.00% -1.98%*
2023 13.04% 16.93%
2022 2.10% 3.28%
2021 0.16% 1.12%
2020 1.73% 1.73%
2019 1.68% 1.68%
2018 1.34% 1.34%
2017 0.36% 0.36%
2016 0.44% 0.44%
* The negative percentage will be deducted form the indexation in 2025 (or later if price developments are lower).