The coverage ratio indicates whether the present and future statutory obligations (benefits) are covered by the funds (assets). This is the case if the coverage ratio is at least 100%. If the coverage ratio is below 100% then this constitutes a shortfall under Art. 44 OBB 2 (Ordinance on the Occupational Old-age Survivors and Disability Benefit Plans). If a shortfall is established, this will not directly jeopardise the certainty of meeting the provision targets in every case.

The coverage ratio provided (after interest on retirement assets) as at 31.12.2023: 105.8% (previous year: 104.4%).

Due to the affiliated pension plans’ different investment allocations, the consolidated coverage ratio is only of limited relevance. As a collective foundation, Livica keeps a comprehensive account per pension plan in accordance with the regulations of Swiss GAAP FER 26. Accordingly, every pension plan has an individual coverage ratio which is communicated to the responsible pension plan’s committees in each case.

The individual coverage ratios of the employer-sponsored pension plans are not published. The fact sheet is available on request.

Affiliated pension fund pensioners: 100.6% (previous year: 101.1%)