Funding ratio rose in the first quarter
“1.89% increase of your pension”
The funding ratio is the ratio of our assets to our commitments. Our commitments are the pensions we have to pay, both now and in the future. Interest rates and the returns we make on our investments have the biggest impact on our funding ratio.
On balance, the pension fund’s current funding ratio increased by 9.5% in the first quarter and the policy funding ratio came down by 0.5%.
The funding ratio and policy funding ratio are provisional figures. The final figures will be published in the 2024 annual report.
Development funding ratios
The policy funding ratio is the average funding ratio for the preceding 12 months. It determines how much indexation we are allowed to apply to your pension. 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.
In January, the pension fund decided to increase your pension by 1.89%.
This quarterly report 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.