The funding ratio of Pensioenfonds PostNL increased in May to 133.6 per cent, up from 132.3 per cent.

The pension fund said that interest rates rose slightly over the month, which led to a decrease in the technical provision.

This, in turn, increased the funding ratio by 1 percentage point. Meanwhile, the investment result for May was €48.1m, or 0.5 per cent, which increased the funding ratio by 0.3 percentage points.

The policy funding ratio, which is the average of the funding ratio over a 12-month period, remained stable at 132.5 per cent in May.

Earlier this month, the pension fund announced it reached an agreement to transition to the new Dutch pension system on 1 January 2026.

PostNL and the unions have made agreements in the transition plan about when the pension scheme comes into effect, what the new arrangement will look like, and the balanced conversion of the accrued pensions to the new scheme.

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