Heerlen/Amsterdam, Juli 22, 2021. As in the first three months of this year, ABP’s current coverage ratio improved in the second quarter. With an increase of 4.0%, the current coverage ratio of the fund stood at 104.5% at the end of June. This means that ABP has enough capital to be able to pay out all the pensions of participants for as long as they live, both now and in the future. For example, during this quarter 102 participants turned 100 years old. An increase in pensions does not seem plausible next year. As the interest rate remained approximately the same, our pension liabilities barely changed. In the first quarter, our pension liabilities decreased significantly because of the increased interest rate. The positive results of the investments increased the coverage ratio in the second quarter. The return in the second quarter was +4.6% (+€22.9 billion). Over the first half of 2021, this figure was +5.6% (+€27.6 billion).
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