Annual report
2019
We are summarising the most important figures from our 2019 annual report for you below. Would you like to know more? The complete text of the annual report can be found at www.koopvaardij.nl (Dutch only).
Number of members:
53,783
This total consists of 5,232 seafaring members, 29,505 pensioners and 19,046 members who, due to a change of employer, are no longer building up pension with us. In 2019, there were a total of 444 fewer members than in 2018.
Number of employers:
193
This is 14 fewer than in 2018.
Pension benefits:
€ 133,947,000
This is the amount we paid out in pensions in 2019.
Invested assets
€ 4,214,219,000
Our invested assets – all pension contributions paid and the return on them – rose from approximately 3.7 billion euros in 2018 to approximately 4.2 billion euros in 2019. More than a third of our investments (34,1%) in 2019 were government bonds. The return on investment was good: 14,4%.
Bpf Koopvaardij assets in 2019
Funding ratio
112.2%
At the end of 2019, our policy funding ratio was 112,2%. Based on this funding ratio in 2019, we were able to increase the pension benefit by 0,41% to compensate for the rise in the cost of living from 1 January 2020. The funding ratio is the ratio between our assets and the amount of pension benefits (now and in the future).
Costs
The costs for administration and communication per member rose from € 158 in 2018 to € 180 in 2019. For investing the pension contributions (asset management), we paid € 500,000 less in 2019 than in the previous year.
The implementation of the pension administration and communication became more expensive, but there were also fewer participants and pensioners to distribute the costs.
