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About ABP

Press release ABP: fourth quarter 2008

Summary

  • Coverage ratio 90% at the end of 2008
  • Falling interest rate major cause of decreased coverage ratio
  • ABP working on recovery plan

Heerlen, 29 January 2009 - Since the end of the third quarter of 2008, the coverage ratio of Stichting pensioenfonds ABP dropped from 118% to 90%. This drop was mainly due to the falling interest rate (two-thirds) and in part by the decrease of the fund assets (one third). Over the last two months of 2008, the falling interest rate was almost entirely responsible for the decreased coverage ratio. A return on investments of -11.5 % was recorded for the fourth quarter of 2008 as a whole. The biggest loss was incurred in October. ABP’s assets therefore currently amount to €173 billion. The payment of the pensions is not in danger.

Download press release (PDF, 93 KB)