SPF pension increase

The Board is delighted to announce an increase in pensions based on a supplement (also called indexation) as per 1 January 2026. The Board made a provisional decision accordingly on 5 December. The Board will make its final decision in January 2026. The outcome depends on such things as the SPF policy funding level as at year-end. This is the average funding level over the past twelve months. You can find more information about this on our website. 

What does indexation depend on?

The amount of the indexation depends on the benchmark established by the social partners (employers and unions) and the SPF's policy funding level. The policy funding level determines whether or not the Board may grant the full benchmark indexation. 

Based on the policy funding level as at the closing date of November, approximately 50% of the benchmark can be granted. 

The benchmark

• For everyone still accruing pension, the social partners previously determined that we will increase pensions based on the average collective labor agreement increase at SABIC Innovative Plastics BV and SABIC Limburg BV. Currently, this benchmark is 1% for this group (2% at SIP plus 0% at SABIC Limburg divided by two). (This benchmark may be increased further prior to the final decision, if the collective labor agreement increase for SABIC Limburg BV is finalized before then.)
• For everyone who is no longer accruing pension or already receiving a pension, the social partners determined that we will increase pensions based on price increases in the Netherlands (CPI (all expenditures) derived from October 2024/October 2025, as published by Statistics Netherlands (CBS). The benchmark for this group is 3.01%. 

Therefore, pensions will be increased by approximately half of this benchmark (depending on the policy funding level at the end of the year).

Indexation not fully granted

This year, just like last year, the Board had the option to award a full allowance because this was temporarily permitted by legislation and regulations. The Board believes that this option should only be used if the regular indexation policy would have an unbalancing effect. According to the Board, this is not the case at this time. In its assessment, the Board also takes into account the intended transition to the new pension plan on 1 January 2027. 

Final decision relating to grant of indexation in late January 2026

The Board will make the final decision on the amount of the indexation at the end of January. You will receive a message in February about your personal indexation amount granted.