ABP Pension reduction expected in the coming years
Heerlen/Amsterdam, October 17, 2019. Pension reduction at ABP in 2020 and subsequent years will be increasingly likely. This is because the falling coverage ratios trend continued in the third quarter of 2019. The current coverage ratio fell by 4.3% to 91.0%. The positive return on investments (€17 billion) could not prevent this decline. Falling interest rates triggered a major rise in ABP’s pension liabilities. Liabilities surpassed the €500-billion mark for the first time. The sharp fall in interest rates in August in particular was a major blow for ABP’s coverage ratio.
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