Funding ratio March 2023
In the past month the (actual) funding ratio has decreased from 118.0% to 116.5%. As the return on investments was positive, the invested capital increased. Interest rates fell as of the end of March, which caused an increase in provisions. On balance, this caused a decrease in the funding ratio. Provisions refer to the money that the pension fund has to reserve in order to be able to pay out all pensions in the future.
The actual funding ratio as of March, 2023 is 116,5%
The actual funding ratio is the monthly funding ratio. This ratio may show considerable fluctuations and immediately reflects consequences of financial developments.
The policy funding ratio as of March, 2023 is 121,6%
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.
