Funding ratios as per July 2023 are known
15-08-2023
ING CDC Pensioenfonds’ funding ratios as per 31 July 2023 are known. The funding ratio is 132% and the policy funding ratio is 127%.
The funding ratio indicates whether our fund’s financial position on a certain reference date is adequate enough to pay out pensions accrued now and in the future. The higher the funding ratio, the better our fund’s financial position. A funding ratio of 100% indicates that our fund’s financial position on the reference date is adequate enough to pay out pensions that have been built up in the fund. The funding ratio as per 31 July 2023 amounts to 132%. This is an increase of 4%, compared to June 2023.
The policy funding ratio is equal to the average of the funding ratios for the preceding twelve months. With effect from 2015, the policy funding ratio provides our fund with a benchmark for making policy decisions, such as determining the amount of headroom available for indexation and the adequacy of the fund’s reserves. By taking the average for the preceding twelve months, important decisions no longer hinge on the funding ratio prevailing on any given date. The policy funding ratio as per 31 July 2023 thus amounts to 127%. This means that the policy ratio increases with 1%, compared to June 2023.
Our pension fund publishes its funding ratios on or around the 15th day of each month. The graph below shows the situation as at ultimo July 2023. Click here to see funding ratio developments in 2022 and 2023.
