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 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 |
| March 2024 | 115.7% |
| February 2024 | 114.9% |
| January 2024 | 113.3% |
| December 2023 | 112.5% |
| November 2023 | 113.5% |
| October 2023 | 118.9% |
| September 2023 | 120.7% |
| August 2023 | 118.5% |
| July 2023 | 119.4% |
| June 2023 | 117.0% |
| May 2023 | 115.8% |
| April 2023 | 116.2% |
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 |
| March 2024 | 116.4% |
| February 2024 | 116.3% |
| January 2024 | 116.4% |
| December 2023 | 116.5% |
| November 2023 | 116.5% |
| October 2023 | 117.1% |
| September 2023 | 117.3% |
| August 2023 | 117.1% |
| July 2023 | 117.3% |
| June 2023 | 117.1% |
| May 2023 | 117.5% |
| April 2023 | 118.1% |