Funding ratio improved in second quarter
When our policy funding ratio rises above 110%, we are allowed to partly increase your pension
The funding ratio is the ratio between the pension fund’s assets and its commitments to pay out pensions now and in the future. Interest rates are not the only elements affecting this ratio. The return we make on our investments play a role as well. In the second quarter, we saw some positive developments. Interest rates rose slightly and the value of our equity investments rose as well.
Development funding ratios
If this trend continues into the third and fourth quarters of 2024, your pension will benefit. As a rule of thumb: the higher the policy funding ratio rises above 110%, the more we will be allowed to increase your pension. Increasing your pension (indexation) is important because it ensures your pension retains its purchasing power.
This Pension Overview has been carefully prepared. The final figures for 2024 will be published in the anual report. You cannot derive any any rights from this report.