The funding ratio of Dutch pension plans rose in November to an average 103%, up 7 percentage points from August, according to DNB, the Dutch central bank.
Under the bank's rules, plans are required to have a minimum funding ratio of 105%. Those that don't must submit a five-year recovery plan.
DNB said in its quarterly funding report issued Wednesday that the financial position of the country's pension funds remains “worrisome” despite the increase.
“The worrisome financial position of many pension funds is related to the decline in interest rates, which raised the market value of future obligations,” the bank said in its report.
DNB oversees the country's 600 pension funds.