Overview Dutch pension fund funding ratios in 2022

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In this article you will find information about the pension fund funding ratios in the Netherlands. At the bottom of the page you will find an up-to-date funding ratio list of all Dutch pension funds.

What is a funding ratio?

The funding ratio is the relationship between the total contributed capital (aum: asset under management) of a pension fund and the pension liabilities. In short, it is the ratio between the total available assets and liabilities. The funding ratio formula is as follows:

de formule die wordt gebruikt om de dekkingsgraad van een pensioenfonds te berekenen. Je deelt het totaal pensioenvermogen door het de totale pensioenverplichtingen.

A funding ratio above 100% means that there are more asset under management then there are pension liabilities. A funding ratio below 100% means that the pension fund is underfunded. In that case the pension fund has not enough assets to meet the current pension obligations.

For example: If a pension fund has € 105 in assets under management and € 100 worth of liabilities. The funding ratio is 105%.

Difference between funding ratio and policy funding ratio

The funding ratio (also known as the monthly funding ratio) is calculated monthly. It is a snapshot of the financial position of the pension fund.

The policy funding ratio is the average funding ratio of the past twelve months. The policy funding ratio is used to determine whether the pensions can be increased (indexation) of should be reduced (cut).

Law

When the policy funding ratio is below the required level, the pension fund must write a recovery plan to return to the required level within 10 years. If this is not possible or if the policy funding ratio is below 105% over 5 years, the pension fund must reduce (cut) its pensions.

Top 5 pension funds

The graphs below shows the funding ratio of the top 5 largest pension funds in the Netherlands. The downward trend is mainly caused by a fall of the interest rate. In addition, the corona crisis (March 2020) also had a negative effect on the funding ratio.

Het verloop van de dekkingsgraad van de 5 grootste pensioenfondsen (ABP, Metaal en Techniek, Zorg en Welzijn, Bouwnijverheid en Metalektro) in Nederland.

List of funding ratios in The Netherlands

Below you find an overview of the funding ratios and policy funding ratios of all Dutch pension funds. The list shows the most recent published funding ratio. This data is updated weekly in our database.

Pension fund Date Funding ratio Policy funding ratioPolicy funding ratio
Abbott Nederland 2022-09-30 124.8%
ABN AMRO Bank 2022-09-30 137.0% 136.0%
ABP 2022-10-31 125.5% 118.1%
Achmea 2022-10-31 149.3% 137.6%
Ahold 2022-09-30 123.1%
Alliance 2022-10-31 125.4% 124.3%
Aon Groep Nederland 2022-06-30 134.6% 132.5%
APF 2022-10-31 124.4% 121.0%
Apothekers 2022-10-31 120.2% 111.3%
Architectenbureaus 2022-10-31 129.9% 125.2%
Astellas 2022-10-31 127.2% 120.1%
AT&T Nederland 2022-09-30 127.0% 119.0%
Atos Origin 2022-10-31 120.6% 112.6%
AVEBE 2022-10-31 136.0% 129.8%
Avery Dennison 2021-05-31 121.8%
Bakkersbedrijf BPF 2022-10-31 113.3% 107.2%
Banden- en Wielenbranche 2022-09-30 100.4% 97.3%
Beroepsvervoer over de Weg 2022-10-31 114.1% 111.0%
Betonproduktenindustrie 2022-10-31 112.4% 112.7%
Bibliotheken openbare 2022-10-31 132.8%
Bisdommen 2022-10-31 155.8%
Blue Sky Group 2022-07-31 113.3% 110.8%
Bouwmaterialen 2022-06-30 110.7% 103.1%
Bouwnijverheid 2022-10-31 140.9% 131.9%
Bpf Foodservice 2022-09-30 122.3% 117.1%
BPL 2022-10-31 125.4% 114.5%
British American Tobacco 2022-10-31 144.6% 130.8%
Brocacef 2022-10-31 122.2%
Calpam 2022-10-31 202.8% 197.2%
Campina 2022-10-31 135.4% 131.7%
Cap Gemini Nederland 2022-10-31 109.2% 106.1%
Cargill 2022-10-31 118.1% 112.0%
Citigroup Nederland 2022-10-31 125.2% 124.3%
Coram 2022-10-31 112.9%
Cosun 2022-10-31 133.7% 127.8%
CRH 2022-10-31 112.1% 109.1%
Croda 2022-10-31 134.0%
Delta Lloyd 2022-09-30 138.3% 133.9%
Detailhandel 2022-10-31 129.8% 121.9%
Deutsche Bank Nederland 2022-09-30 120.0% 121.7%
DHL Nederland 2022-10-31 150.8% 140.1%
Dierenartsen 2022-09-30 120.8% 113.7%
Dow 2022-09-30 126.7% 124.8%
DSM Nederland 2022-10-31 134.9% 124.5%
Ecolab 2022-10-31 135.2% 127.7%
Ernst & Young 2022-03-31 114.5%
Essity 2022-09-30 118.7% 112.0%
Forbo 2022-10-31 114.2%
Fracties 2022-03-31 119.6% 112.2%
Fysiotherapeuten 2022-08-31 118.0% 108.0%
Gasunie 2022-10-31 153.2% 140.6%
Gazelle psf 2022-10-31 133.1% 125.5%
Geveke 2022-10-31 111.8% 108.4%
Grolsche bierbrouwerij 2022-09-30 117.3%
Groothandel 2022-09-30 109.1%
Hagee 2022-10-31 125.3% 122.7%
HAL 2021-12-31 197.0%
HaskoningDHV 2022-08-31 130.1% 118.2%
Heineken 2022-10-31 153.0% 134.4%
Honeywell 2022-10-31 146.4% 137.5%
Hoogovens 2022-10-31 133.6% 127.6%
Horecabedrijf 2022-10-31 132.0% 123.0%
Huisartsen 2022-06-30 140.7%
Huntsman Rozenburg 2022-10-31 145.1% 136.8%
IBM Nederland 2022-10-31 151.9% 149.2%
IFF 2022-10-31 135.1% 126.8%
IKEA 2022-09-30 124.7% 118.9%
ING 2022-10-31 154.6%
ING Bank CDC fonds 2022-09-30 127.0% 117.0%
Kappersbedrijf 2022-10-31 103.8% 101.4%
Kas Bank 2022-09-30 133.5%
KLM Algemeen 2022-10-31 146.1% 132.0%
KLM Vliegend Personeel 2022-10-31 173.1% 156.3%
KLM-Cabinepersoneel 2022-09-30 129.8% 122.2%
Koopvaardij 2022-10-31 129.3% 123.0%
KPN 2022-10-31 132.6% 129.1%
Kring Progress (Unilever) 2022-10-31 183.0% 163.0%
Lanschot 2022-10-31 122.6% 118.3%
Levensmiddelenbedrijf 2022-08-31 100.0% 96.3%
Lloyd's Register Nederland 2022-10-31 116.1% 110.0%
Loodsen 2022-10-31 128.0% 119.5%
Lucht- en Ruimtevaartlaboratorium 2022-03-31 116.3%
Medewerkers apotheken 2022-10-31 100.2% 98.4%
Media PNO 2022-09-30 128.6% 116.9%
Mediahuis Nederland 2022-09-30 123.0%
Medische Specialisten 2022-10-31 144.9% 141.7%
Mercer 2022-10-31 127.9% 118.8%
Metaal en Techniek 2022-09-30 109.4% 107.2%
Metalektro, bedrijfstakpensioenfonds 2022-10-31 116.8% 111.2%
Metro 2022-10-31 147.5% 137.0%
Meubelindustrie en Meubileringsbedrijven 2022-10-31 123.5% 120.6%
Mn Services 2022-09-30 105.7% 102.8%
Mode-, Interieur-, Tapijt- en Textielindustrie 2022-08-31 121.5% 109.2%
Molenaarspensioenfonds 2022-10-31 113.9%
MSD 2022-03-31 147.5% 143.1%
Nederlandsche Bank 2022-10-31 133.1% 133.9%
Nedlloyd 2022-10-31 140.9% 134.7%
Nielsen AC 2022-07-31 119.7%
NN CDC fonds 2022-10-31 138.0% 124.0%
Notariaat 2022-10-31 119.2% 116.1%
Particuliere beveiliging 2022-10-31 138.5% 128.3%
Pensura 2022-08-31 143.7% 134.8%
PepsiCo Nederland 2022-10-31 119.5% 118.8%
Personeelsdiensten 2022-09-30 112.0%
Personeelspensioenfonds APG 2022-07-31 126.0% 121.3%
PGB 2022-10-31 120.8% 118.3%
Philips 2022-10-31 130.7% 129.1%
Pon 2022-10-31 108.1% 104.9%
PostNL 2022-09-30 141.9% 131.4%
Provisum 2022-10-31 158.8% 150.9%
Rabobankorganisatie 2022-09-30 118.6% 121.3%
Rail & Openbaar Vervoer 2022-10-31 144.8% 132.5%
Recreatie (SPR) 2022-10-31 110.7% 106.2%
Rijn- en Binnenvaart 2022-08-31 141.2% 132.4%
Robeco 2022-10-31 142.0%
Rockwool 2022-10-31 110.2%
Roeiers in het Rotterdamse havengebied 2022-10-31 115.4%
SABIC 2022-10-31 130.4% 123.4%
Sagittarius 2022-10-31 122.2%
Samenwerking Slagersbedrijf 2022-08-31 124.6%
Schilders-, Afwerkings- en Glaszetbedrijf 2022-10-31 138.6% 128.3%
Schoonmaak- en Glazenwassersbedrijf 2022-10-31 118.0% 107.9%
Shell 2022-10-31 147.5% 137.5%
Smurfit Kappa Nederland 2022-10-31 125.3% 116.3%
SNS Reaal Groep 2022-10-31 119.7% 116.2%
Sportfondsen 2022-09-30 131.4% 129.0%
Staples 2022-10-31 129.3% 128.4%
Tandartsen en Tandarts-specialisten 2022-09-30 124.7% 123.1%
TDV 2022-10-31 146.9% 136.7%
Thales 2022-10-31 134.9% 130.6%
TNO 2022-10-31 134.6% 127.6%
Trespa 2022-10-31 112.1% 108.2%
UWV 2022-10-31 125.7% 118.6%
Verloskundigen 2022-09-30 117.3% 107.1%
Vlakglas, Verf, het Glasbewerkings- en het Glazeniersbedrijf 2022-09-30 112.6% 105.5%
Vlees- en Vleeswarenindustrie en de Gemaksvoedingindustrie 2022-10-31 113.4% 104.6%
Vopak 2022-10-31 136.4% 130.4%
Waterbouw BPF 2022-10-31 144.7%
Werk en (re)Integratie 2022-09-30 128.7%
Will Niemeijer 2022-10-31 135.5% 130.6%
Witteveen & Bos 2022-09-30 119.8% 110.7%
Wolters Kluwer Nederland 2022-10-31 136.0% 129.3%
Woningcorporaties 2022-10-31 140.2% 132.1%
Xerox 2022-10-31 114.0% 113.3%
YARA Nederland 2022-06-30 136.1% 129.8%
Zoetwarenindustrie 2022-10-31 124.6% 119.7%
Zorg en Welzijn 2022-10-31 116.8% 110.8%
Zorgverzekeraars 2022-10-31 125.2% 120.5%
Zuivel en aanverwante industrie 2022-10-31 119.3% 113.4%

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