It’s important to us to explain the complex topic of the occupational benefit scheme as comprehensibly as possible. However, sometimes we cannot get around using technical terms. In our glossary we explain these technical terms briefly and in a reader-friendly manner.




The funding ratio corresponds to the ratio of the existing pension funds assets to the capital required to fulfil all its obligations. “Underfunding” is defined as a funding ratio of less than 100%, while “overfunding” is any ratio over 100%.