The policy funding ratio of the Staples Pension Fund at the end of December 2021 is 127.9%. It has increased compared to the end of November 2021 (127.2%). The funding ratio expresses the ratio between the fund's assets and liabilities. The policy funding ratio is the average current funding ratio over the past 12 months. Read more about it here.
The policy funding ratio is below the required funding ratio of 112.4%. Because the policy funding ratio is higher than the required funding ratio, we have been out of recovery since the end of March 2021.
The current coverage ratio has fallen to 128.4% by the end of December 2021.
More information about the funding ratio can be found on the funding ratios page.