The current funding ratios of the five largest pension funds that will publish their second quarter figures on Thursday are now all above 100%. ‘The funding ratios have again shown a slight increase. This quarter is mainly due to returns on corporate securities’, the Pension Federation reported on Thursday.
Temporary arrangement not lower benefits extended
‘The temporary arrangement whereby pension funds do not have to reduce if a funding ratio exceeds 90% has been extended again, with a view to the future pension system’, according to the federation. This means that pensioners who are currently receiving a pension will not receive a lower benefit this year.
It will only become clear at the end of this year whether pension funds should reduce pensions in 2022 or not. It is still unclear how the economic recovery from the corona crisis will unfold in the coming months.
Slight financial recovery for the five largest pension funds
Source link Slight financial recovery for the five largest pension funds