Funding ratio December 2020

Over the last month the (actual) funding ratio increased from 99.6% to 101.5%. Although in December interest decreased in comparison with the month before, on balance the positive investment return ensured an increase of the current funding ratio. This is a positive development, because with that the funding ratio will remain a considerable amount above the critical limit of 89.9%.

Although we remain hopeful to achieve a timely recovery, the financial situation is not stable yet. Of course we closely monitor the situation and will keep you informed of developments.

The policy funding ratio as of December, 2020 is 96.1%
The policy funding ratio is the average of the last 12 actual funding ratios. The policy funding ratio is the most important funding ratio. Policy decisions on indexation and curtailment of your pension are based on this funding ratio. By using an average, this funding ratio shows less fluctuations than the actual funding ratio.

Development of the policy funding ratio over the past 12 months

course policy funding ratio APF up to December 2020

The actual funding ratio as of December, 2020 is 101.5%
The actual funding ratio is the monthly funding ratio. This ratio may show considerable fluctuations and immediately reflects consequences of financial developments.

Development of the actual funding ratio over the past 12 months

course funding ratio APF up to December 2020