Average funding ratio of Dutch pension funds stood at 95.3%
The pension funds’ average funding ratio came to 95.3% as at 30 September 2020. This represents a 2.4 percentage point increase from 30 June 2020 (see Figure 1). The funding ratio reflects a pension fund’s current financial position, expressing the ratio between available assets and liabilities.
The policy funding rate came to 96.0% as at 30 September 2020. This represents an 0.8 percentage point decrease from 30 June 2020 (see Figure 1). The policy funding ratio is the average of the funding ratios for the past twelve months. It fell because the funding ratios in the third quarter of 2020 were lower than those in the corresponding quarter of 2019.