Civil service pension fund ABP is not increasing payouts to pensioners in line with inflation next year because its reserves are still not at government-required levels.

At the same time, the pension premiums are going up, but ABP has not yet said by how much. Insiders expect a rise of around 1% but the final figure will depend on new life expectancy figures due in April.
The increase in premiums will add over €200m to the government’s wages bill, news agency ANP says.
The ABP is one of the biggest pension funds in the world, and the biggest in the Netherlands, with some three million members.
The fund has €231bn in assets under management. In October, its coverage ratio was 96%, but the central bank requires 105%.