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
August 2023 118.5%
July 2023 119.4%
June 2023 117.0%
May 2023 115.8%
April 2023 116.2%
March 2023 114.7%
February 2023 116.4%
January 2023 114.0%
December 2022 113.2%
November 2022 120.4%
October 2022 120.8%
September 2022 118.5%

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
August 2023 117.1%
July 2023 117.3%
June 2023 117.1%
May 2023 117.5%
April 2023 118.1%
March 2023 118.6%
February 2023 118.9%
January 2023 118.8%
December 2002 118.7%
November 2022 119.0%
October 2022 118.3%
September 2022 117.7%