Featured statistic: 70%
Date 18 March 2008
Little by little, life is becoming more expensive. This means that, if not adjusted, the value of a pension slowly declines. Most pension schemes provide for an ambition to raise pensions on the basis of wage movements (wage-indexed) or price movements (inflation-indexed).
This annual rise is called indexation. For 70% of employees with a pension, the indexation is based on industry-wide wage movements.
Of the pensioners, 55% saw their pension indexed on the basis of industry-wide wage movements.
Indexation is usually conditional. This means that there is no automatic claim to an increase of the pension by the standard concerned; indexation depends on the pension fund's financial position. The indexations awarded to active members and pensioners in 2008 are published in the March edition of the Statistical Bulletin (Table 8.8).