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 |
| 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% |
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% |