The Board of Directors bases its decisions on issues such as the amount of the pension contribution on the funding ratio. The funding ratio is a key indicator of the financial position of the section, indicating the ratio between the available assets and the future pension liabilities.
The funding ratio of the section DuPont Belgium as at 31 December 2019 was 117% (audited). This is above the scheme’s funding goal of 100%. During 2019, the funding ratio increased due to the positive performance of the equity portfolio. Due to negative investment results related to the Covid-19 pandemic, the funding ratio declined in the first quarter of 2020.
|2020 Q1 (unaudited)||106%|