The current funding ratio at the end of November 2022 is 144.5% (year-end 2021: 119.2%).

The current funding ratio represents the ratio between liabilities and assets of the HPF at a specific point in time.

The policy funding ratio will be 136.9% at the end of November 2022 (end of 2021: 110.2%).

The policy funding ratio is the average of the current funding ratios over the past 12 months. The level of the policy funding ratio at the end of September determines whether the HPF can increase the pensions (grant a supplement).

Read more about the policy ratio of the pension fund