Coverage ratio for Swiss pension funds increased
Published: Friday, Oct 18th 2024, 17:30
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The financial situation of pension funds in Switzerland continued to develop positively in the third quarter. At the end of September, the average capital-weighted coverage ratio of the pension funds was 118.5% and was therefore significantly higher than the coverage ratio at the end of 2023, as reported by the Occupational Pension Supervisory Commission.
At that time, the coverage ratio was 110.3 percent, as stated in the press release on Friday. For the year as a whole, the pension funds recorded an average performance of plus 8.5 percent. The Occupational Pension Supervisory Commission (OPSC) assesses the development of the financial situation of pension funds in Switzerland on an ongoing basis by means of monthly monitoring.
The annual survey is based on data from 1266 pension funds with a total pension capital of around CHF 875 billion. The monitoring is limited to pension funds without a state guarantee and without a full insurance solution.
According to the projections of the OPSC, the proportion of pension funds with underfunding fell from seven percent at the end of last year to 0.6 percent by mid-2024 - and has now fallen further to below 0.1 percent in the third quarter.
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