The Board is closely monitoring ongoing developments. DPS, our administering organization, has implemented precautionary measures. For example, people are self-isolating and working from home to limit the risk of spreading the virus. So that we can continue to administer and pay out pensions.
What does this mean for my pension and the surviving dependent's pension?
Currently, coronavirus is not affecting the payment of pensions or accrued pensions, or the right to partner and orphans' pension. Supplementary measures may be required in the event that the funding level remains too low for too long. Such measures may include reducing pensions, for example.
To what degree does news concerning coronavirus affect PDN?
The news concerning coronavirus is having an impact on financial markets. This is affecting the stocks that comprise PDN’s investments. The funding level is subject to a negative effect that the Board is closely monitoring. To see the effect on the funding level, navigate to our website and click on “Funding Level and other financial figures.”
How is PDN responding?
PDN's Board is doing everything in its power to limit the effects. The strategic policy remains focused on the long term, meaning that the chosen investments are selected to best account for potential “stress situations” in financial markets. The pension fund spreads the investment risks over a number of investment categories. We will continue to discuss this with our advisors at DPS.