Mandatory reserves 
A small portion of the money is needed for mandatory reserves, including PME’s equity capital and operating costs. This enables us to keep the fund running and continue to manage the pensions effectively.

Filling the solidarity reserve 
Part of the money goes to the solidarity reserve. The main purpose of this reserve is to protect the pensions that are being paid out.

Keeping your pension at the same level as much as possible 
We want to keep your pension at the same level as much as possible. The aim is to ensure that, immediately after the conversion, you can expect to receive at least the same amount of pension as you did immediately before the conversion. The amount required to achieve this will be paid into your pension pot.

Compensation: supplementing the pension pot for people at a disadvantage 
The new scheme works out favourably for most people. However, for one group of people still accruing pension with PME there will also be a disadvantage. They are expected to accrue less pension in the future than under the old scheme. This is why, at the time of the switch, these people will receive an extra one-off amount in their pension pot. If you are no longer accruing pension with us, you will not be eligible for compensation, because there is no disadvantage for you. For more information, please visit pmepensioen.nl/en/extra-amount.

Distributing what’s left 
If there is money left over after these steps, we will distribute it across all pension pots. This means that your pension will increase. How much extra you will receive depends on our financial health at the time of the switch. ●

What role will the financial health of PME play?

We would prefer to carry out all points mentioned in this article. Whether that can be realised will depend on our current coverage ratio at the time of conversion. The coverage ratio reflects the fund’s financial health under the old rules. It shows the relationship between the money managed by PME and the money needed to pay out all pensions now and in the future. The higher the coverage ratio at the time of the switch, the more we can do. Are you wondering what our coverage ratio is at the moment? Go to pmepensioen.nl/en/financial-position.

Example: coverage ratio of 110 percent
Suppose the coverage ratio on 31 December 2026 is 110 percent. In that case, we will be able to fill the solidarity reserve to the desired level. People who are disadvantaged by the switch will receive full compensation. And for those already receiving a pension, the monthly pension will increase slightly.