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


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
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