Dutch pension funds reported a mixed picture on their current funding ratios' development in May 2023, with some observing an increase and others seeing a decline.

PME revealed that its current funding ratio rose by 0.3 percentage points in May to 112.6 per cent, while its policy funding ratio, which is the average of current funding ratios from the previous 12 months, fell by 0.2 percentage points to 112.4 per cent.

Meanwhile, Mars pension fund reported that its current funding ratio increased by 0.5 percentage points to 146 per cent and its policy funding ratio fell by 0.5 percentage points to 151.7 per cent.

Pensioenfonds PostNL also reported a slight increase in its current funding ratio in May, from 131.6 per cent to 131.7 per cent, while its policy funding ratio fell from 135.8 per cent to 135.4 per cent.

However, some Dutch pension funds reported a decline in their current funding ratios, with Pensioenfonds SNS Reaal revealing its current funding ratio fell by 0.2 percentage points to 116.1 per cent and its policy funding ratio decreased by 0.4 percentage points to 116.8 per cent.

It stated that, due to an annual audit, a correction was applied and the current funding ratios of the past few months have been adjusted down by approximately 0.4 percentage points.

Pensioenfonds PGB also reported that its current funding ratio fell, from 116.2 per cent to 115.8 per cent, during the month, while its policy funding ratio declined from 118.1 per cent to 117.5 per cent over the same period.

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