Policy funding ratio of the five largest pension funds in the Netherlands 2015-2021

The quarterly policy funding ratio of the five largest pension funds in the Netherlands fluctuated between the first quarter of 2016 and the third quarter of 2021. From January 1st, 2015, the policy funding ratio determines the financial health of Dutch pension funds. The policy funding ratio is the average of the funding ratio of the last 12 months and compares the assets from a pension fund against its liabilities. Should the index reach 100%, the fund is able to pay all the pensions. Should the ratio become too low, funds are forced to cut in their pensions. The policy funding ratio is reported to the Dutch Central Bank (DNB). In the third quarter of 2021, the liabilities of the Dutch pension fund ABP slightly outweighed its assets, leading to a policy funding ratio of 98.8 percent.