Financial developments SPF in Q4 2023Published: 09-02-2024Main points:
The funding level fell in Q4 from 127.8% to 117.4%. SPF increased pensions at the end of 2023. As a result, the coverage ratio fell by approximately 6 percentage points.
The policy funding level, which is used in the decision on granting annual adjustments, fell in Q4 from 124.5% to 123.5%. (The policy funding level is the average of the last twelve funding levels.)
The pension liabilities raised in the fourth quarter from €2,077 to €2,479 million. By increasing pensions at the end of 2023, pension liabilities increased by approximately 119 million euros.
The pension assets raised in the fourth quarter from €2,654 to €2,910 million.
The return on the assets in the fourth quarter was 9.9%.
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