Funding ratios as per 30 November 2023 are known

NN CDC Pensioenfonds’ funding ratios as per 30 November 2023 are known. The funding ratio is 131% and the policy funding ratio is 128%.

The funding ratio indicates whether the 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 the fund’s financial position. A funding ratio of 100% indicates that the 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 30 November 2023 amounts to 131%. This is a decrease of 3%, compared to October 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 the 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 30 November 2023 thus amounts to 128%. This means that the policy ratio remains unchanged, compared to September 2023.

The pension fund publishes its funding ratios on or around the 15^th day of each month. The graph below shows the situation as at ultimo November 2023. Click here to see funding ratio developments in 2022 and 2023.