Based on the coverage ratios of the affiliated pension funds and the still low level of risk-taking capacity, the conditions required to grant a cost of living adjustment for the old-age, invalidity, spouse's and children's pensions as of 1 January 2023 do not exist.

There are no spare funds available before full risk-carrying capacity is reached (increased fluctuation reserve). Hence there is no capacity to meet the statutory requirement to be able to allow for inflation in respect of old-age pensions, disability pensions and pensions for surviving dependants.