News items

Main points:

• The funding level fell in Q4 from 133.1% to 120.0%. PDN increased pensions at the end of 2023. As a result, the coverage ratio fell by approximately 7 percentage points.
• The policy funding level, which is used in the decision on granting annual adjustments, fell in Q4 from 128.7% to 127.8%. (The policy funding level is the average of the last twelve funding levels.)
• The pension liabilities raised in the fourth quarter from €5,189 to €6,118 million. By increasing pensions at the end of 2023, pension liabilities increased by approximately EUR 329 million.
• The pension assets raised in the fourth quarter from €6,905 to €7,342 million.
• The return on the assets in the fourth quarter was 7.1%.

Click here for more information about the financial developments in the fourth quarter.