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Our financial situation

Various factors affect our financial situation, with the coverage ratio serving as a key indicator. This reflects the relationship between assets and liabilities.

April 2026

We will announce the coverage ratio for the end of May 2026 in June 2026.

Current coverage ratio
124,2%
Red arrow down

5,1% higher than in March 2026
Policy coverage ratio
121%
Green arrow up

1,1% higher than in March 2026

The current coverage ratio shows whether ABP has sufficient funds to meet present and future pension liabilities. A 100% coverage ratio means ABP has precisely €100 in assets for every €100 in pension liabilities. This ratio guides decisions on potential collective value transfers.

The policy coverage ratio is the 12-month rolling average of the coverage ratios. This guides decisions on individual value transfers and pension indexation.

What does this mean for your pension? ABP aims to transition to the new pension scheme on 1 January 2027. At that point, we will distribute the pension assets. The amount we can distribute depends on the funding ratio on 31 December 2026.

Funding ratio on 31 December 2026

Higher than 109%

  • We can provide compensation for increases that we were not always able to grant in the past.
  • We can grant everyone an additional increase.

Lower than 101.5%

  • It will be necessary to reduce pensions.

 

 
More details on the coverage ratio

How is the current coverage ratio determined?

Assets

€ 546 billion
Green arrow up

Increase of € 16 bln compared to March 2026

Assets are ABP’s available funds.

  • An increase in assets has a positive impact on the coverage ratio.
  • A decrease in assets has a negative impact on the coverage ratio.

Liabilities

€ 439 billion
Green arrow up

Decrease of € 6 bln compared to March 2026

Liabilities are the pensions we must pay now and in the future.

  • A decrease in liabilities has a positive impact on the coverage ratio.
  • An increase in liabilities has a negative impact on the coverage ratio.

Which factors influence the assets and liabilities?

Return on assets

€ 15,7 billion
Red arrow down

Effect on coverage ratio: 3.5 pt. 

Returns affect assets. Higher returns lead to a more significant increase in assets. Negative returns lead to a decrease in available assets.

Our investment results

Actuarial interest rate for liabilities

3.1% (0.1 pt.)
Green arrow up

Effect on coverage ratio: 1.7 pt.

The actuarial interest rate determines the assets we need to accommodate our future pension liabilities.

Explanation of actuarial interest rate

Premium

27.1%

Percentage of (salary -/- franchise)

You pay 8.13%. Your employer pays 18.97%.

Pension premium: who pays what?

Life expectancy

88.5 years

Average life expectancy

For life expectancy, we consider ABP participants who are currently 65 years old.

More information

Pension indexation

2.84%

For 2025

More information about the indexation of your pension?

Read more