MIL OSI Translation. Region: Germany / Deutschland –
Source: Switzerland – Federal Administration
Headline: Occupational pensions: Financial situation as of the end of September 2020
Funding ratios of the pension funds practically at the previous year’s level / medium-term financial stability remains challenging – The OAK BV extrapolation based on the investment strategies of the pension funds and the development of the investment markets shows that the funding ratios of the pension funds at the end of September were almost back at the level of the end of 2019 . The strong market corrections triggered by the corona pandemic caused the coverage ratio to fall to an average of 102.0% at the end of March 2020 (compared to 111.6% at the end of 2019). As of the end of September 2020, the average coverage ratio is now 110.2% again. On a capital-weighted basis, 7.5% of pension funds are currently underfunded, i.e. that currently 7.5% of the pension obligations are not fully covered.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.