Funding ratio July 2021

The actual funding ratio fell slightly in the past month: from 112.1% to 110.9%. As the return on investments was positive, the invested capital increased. By contrast, because interest rates fell in July compared to the month before, provisions also increased. But the increase in capital did not suffice to cover the increase in provisions. Provisions refer to the money that the pension fund must reserve to be able to pay all future pensions.

The actual funding ratio as of July, 2021 is 110.9%
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

The actual funding ratio as of July, 2021

The policy funding ratio as of July, 2021 is 104.5%
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

The policy funding ratio as of July, 2021