In 2017 the pension fund’s financial position improved to such an extent that the recovery plan is no longer necessary. Since June 2017 the policy funding ratio has been higher than the funding ratio required under law.  

The pension fund’s financial position had been inadequate since mid-2016. The policy funding ratio was below the required funding ratio and the pension fund therefore had a reserve shortfall. The pension fund then prepared a recovery plan, which specified how the pension fund would once again achieve the required funding ratio level within 10 years.

By the end of December 2017 the policy funding ratio was at a sufficiently high level and the pension fund is no longer in a recovery situation.

Read more about the financial position.