Key indicators
| Key indicators | 2023 | 2022 |
| Number of active insured persons | 97'497 | 93'456 |
| Number of pension recipients | 41'499 | 40'375 |
| Total assets (in CHF billion) | 39,8 | 37,0 |
| Available pension assets (in CHF billion) | 39,2 | 36,2 |
| Funding ratio | 102,9% | 97,6% |
| Affiliated employers | 438 | 433 |
| Performance (net; after costs) | 7,2% | -11,2% |
| Expense ratio TER-OPSC (total expense ratio according to OPSC) | 0,13% | 0,15% |
| Transparency ratio according to OPSC | 100% | 100% |
| Interest on pension savings | 1,85% | 2,1% |
| Technical interest rate | 1,75% | 1,75% |
| Cash flow (CHF million) | 395 | 65 |
Performance and funding ratio
Performance reflects the success that was achieved with the investments.
Cash flow
BVK generated cash flow of CHF 395 million in 2023 (2022: CHF 65 million). Cash flow is the difference between fund inflows (contributions, deposits and purchases) and outflows (pension and lump-sum payments). From an operational viewpoint, the objective is to achieve positive cash flow. This also has the advantage that a pension fund will not be forced for liquidity reasons to sell securities during a downturn on the financial markets.
In 2023, cash flow consisted of the following:
| Description | Amount in CHF million |
| Employee and employer contributions | 1’717 |
| Deposits (personal purchases, vested benefits brought in on joining, etc.) | 1'317 |
| Restructuring contributions by employer | 0 |
| Pension benefits | - 1'244 |
| Lump-sum payments (retirement, death, advance withdrawal to promote home ownership, divorce) | - 454 |
| Vested benefits paid out on leaving | - 941 |
| Cash flow | = 395 |