Key figures

Amounts x € 1 million (unless otherwise stated).

Number of policyholders 2020 2019 2018 2017 2016
Active members 3779 3.901 3.906 3.965 3.981
Former members 6991 6.890 6.601 6.311 6.147
Persons entitled to a pension 5831 5.793 5.771 5.746 5.660
Total 16601 16.584 16.278 16.022 15.788

 

Regulations variables 2020 2019 2018 2017 2016
Active members:
Indexation compensation 0,61% 0,02%
Indexation compensation not granted 2,72% 1,49% 1,31% 0,45% 0,65%
Abridged rights implemented
Catch-up indexation compensation
Former members and persons entitled to a pension:
Indexation compensation 0,61% 0,02%
Indexation compensation not granted 2,72% 1,49% 1,31% 0,45% 0,65%
Abridged rights implemented
Catch-up indexation compensation

 

Pension administration 2020 2019 2018 2017 2016
Received contribution* 73 71 68 66 66
Cost-effective contribution* 99 79 74 78 70
Cushioned cost-effective contribution* 44 42 42 43 43
Pension administration cost per policyholder (in Euros) 171 153 137 125 126
Pension payments 108 106 104 103 101
Cost of asset management excl. transaction fees** 0,46% 0,35% 0,58% 0,38% 0,37%
Transaction fees** 0,14% 0,08% 0,07% 0,12% 0,01%

*Excluding contributions for the Pension Reallocation Scheme
** Percentage of the average invested assets

Capital resources and solvency 2020 2019 2018 2017 2016
Pension assets (in accordance with the DNB method) 4069 3.941 3.498 3.568 3.392
Pension commitments 4104 3.674 3.205 3.167 3.246
Funding ratio 99,20% 107,30% 109,10% 112,70% 104,50%
Policy funding ratio 94,90% 105,40% 113,30% 110,20% 95,70%
Real policy funding ratio 77,30% 84,80% 92,00% 89,20% 78,80%
Minimum Statutory Funding Requirement (MVEV) 176 157 137 134 137
Statutory Funding Requirement (VEV) 947 846 787 725 712
Funding ratio requirement 123,10% 123,00% 124,50% 122,90% 121,90%
Average actuarial interest 0,20% 0,70% 1,40% 1,50% 1,30%

 

Investments 2020 2019 2018 2017 2016
Shares 1552 1.521 1.311 1.444 1.346
Real estate 434 418 385 345 254
Fixed income*** 1722 1.612 1.512 1.458 1.275
Other investments 344 367 252 279 419
Total 4052 3.918 3.460 3.526 3.294

***In 2017 and 2018 the others assets are only hedgefunds. The years before also other asset classes are allocated as other investments. from 2017 these assets are allocated as fixed income.

Return on investments 2020 2019 2018 2017 2016
Portfolio performance 1,60% 13,40% -1,40% 5,80% 8,80%
Strategic benchmark performance 3,30% 13,10% 0,90% 5,80% 8,30%