mast image

Special Report

Impact investing

Sections

KLM pension schemes buck trend to grant full indexation

Related images

  • KLM pension schemes buck trend to grant full indexation

Related Categories

NETHERLANDS - All three of KLM's pension funds have said they will grant indexation on 1 January 2011, following improved coverage ratios during the past quarter.

The €5.1bn scheme for ground staff said it would pay its pensioners and deferred participants a full allowance of 1.4% based on the consumer index.

However, active participants whose indexation is salary-linked will not receive indexation, as there have not been any collective salary increases, the scheme explained.

During the fourth quarter, the pension fund's coverage ratio increased by 6.7 percentage points to 122%.

The €1.5bn pension fund for cabin staff also granted its pensioners and deferred members a 1.4% indexation.

The scheme's coverage ratio at year-end was 121.8%, up from 111.9% at the end of September.

The €6bn scheme for flight staff said it has granted all its participants and pensioners an inflation compensation of 0.7%, based on the salary index.

The funding ratio of the pension fund for flight staff has increased from 119.2% at the end of the third quarter to 134.5% at year-end.

The funding ratio of all three pension funds already include the longevity forecasts of Statistics Netherlands and the Actuarial Society, according to a spokesman for Blue Sky Group, the schemes' pensions provider.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<