The coverage ratio is calculated using the following formula (Article 44 (1) BVV:
Available retirement assets x 100 / Required actuarial pension capital
Available retirement assets comprise total assets carried at fair value in the balance sheet on the balance sheet date, less liabilities, accrued expenses and prepaid income, and employer contribution reserves.
Required actuarial pension capital equates the total savings and coverage capital including required technical reserves.
The coverage ratio as defined in Article 44 (1) BVV2 amounted to 118.6% on 31 December 2016 (previous year: 120.0%).
Galenica Pension Fund
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