Coverage ratio

The coverage ratio shows you what our financial position is.

The coverage ratio is the relationship between PGB’s capital (assets) and the pensions we have to pay out. If the coverage ratio is 100%, then there is precisely enough money to pay all the pensions.  However, the government has prescribed that pension funds must have a buffer. A high coverage ratio is, therefore, important.

There are two coverage ratios:

The current UFR coverage ratio

The coverage ratio is the relationship between PGB’s capital (assets) and the pensions we have to pay out. If the coverage ratio is 100%, then there is precisely enough money to pay all the pensions.  However, the government has prescribed that pension funds must have a buffer. A high coverage ratio is, therefore, important.

Month UFR coverage ratio
December 2021 116.8%
November 2021 111.8%
​October 2021 ​113.3%
​September 2021 ​112.9%
​August 2021 ​112.7%
​July 2021 ​110.9%
​June 2021 ​​113.3%
​May 2021 ​112.2%
​April 2021 ​112.3%
​March 2021 ​110.4%
​February 2021 ​107.2%
​January 2021 ​103.6%

Policy coverage ratio

This is the average UFR coverage ratio over the last 12 months. Each year, on the basis of this coverage ratio, the board decides whether or not the pensions can be increased.

Month Policy coverage ratio
December 2021 111.5%
November 2021 110.3%
​October 2021 ​109.3%
​September 2021 ​107.9%
​August 2021 ​106.6%
​July 2021 ​105.3%
​June 2021 ​​103.9%
​May 2021 ​102.3%
​April 2021 ​100.8%
​March 2021 ​99.1%
​February 2021 ​97.4%
​January 2021 ​96.4%