ING CDC Pensioenfonds’ Annual Report for 2017 presents its results for 2017. Other information provided by the Annual Report includes details of the pension fund's policies with regard to its investments, communications and risk management.
ING CDC Pensioenfonds’ Annual Report for 2017 summarises a year during which the pension fund implemented its final governance model as well as a new governance structure. The board decided to increase pensions by 0.07%. Specific policies were developed with regard to socially responsible investments, including lists of exclusions and inclusions, and voting guidelines. The social partners decided to use their legal right to maintain the actuarial retirement age for ING's employees at 67 years instead of raising it. As a consequence of this decision, the annual pension accrual rate for 2018 has been lowered from 1.875% to 1.738%.
The pension fund's figures
At year-end 2017, ING CDC Pensioenfonds had 19,902 insured participants and a funding ratio of 117.6%. The pension fund had approximately 1,101 million in pension commitments and invested assets worth approximately 1,287 million. Return on investments came to approximately 58 million in 2017. A summary of all figures is presented in the Key Figures section.
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