Annual Report 2023 in brief
You can find the full annual report and an infographic at www.koopvaardij.nl/en.
Members
In total:
members (2022: 51,551)
pensioners (2022: 27,363)
employers (2022: 168)
seafarers (2022: 4,925)
former seafarers (2022: 19,263) 22% of all members live abroad.
Costs
Pension administration (administration and communication)
€ 11.53 million
(2022: € 6.93 million)
Cost of pension administration per member (active members and pensioners, former seafarers are not included here)
€ 368
(2022: € 214.68)
Asset management
€ 17.2 million
(2022: € 18.8 million)
Investments
The invested assets increased in 2023 from € 3.49 billion to € 3.67 billion Bpf Koopvaardij aims, over a long period, to achieve a higher return than is actually required to pay the pensions. That surplus return allows us to increase the pensions in line with price trends (inflation). In 2023, we achieved the target of an average 1.1% surplus return per year.
The funding ratio
fell in 2023 from 118.8% to 118.3% The value of the investments increased by 8.2%. The value of the pensions we have to pay increased by 6.5%. We also increased the pensions by 10.8% in 2023. All this led to a slight fall in the funding ratio.