Results: financial situation more stable
As at the end of 2024, the PUBLICA collective institution has a funded ratio of 104.6%. All pension plans have funded ratios of more than 100%. All asset classes, with the exception of foreign real estate and some foreign bonds, performed positively in 2024. The consolidated net investment return was 5.9%.
At the mid-point of its 2023–2026 strategy period, PUBLICA has achieved significant progress. To simplify structures, the seven closed pension plans were merged into a single plan. This recorded a performance of 4.3%. The open pension plans posted a performance of 6%. PUBLICA provided input into the draft revision of the Federal Personnel Act and PUBLICA Act, which will separate responsibilities and simplify processes. PUBLICA has also identified a marked increase in the proportion of members drawing their retirement assets either wholly or partially as a lump sum. It conducted a survey to find out why, and published the results in the form of a study.
Responsible investment in 2024: more transparency
PUBLICA took part in the PACTA Climate Test run by the Federal Office for the Environment. PUBLICA’s portfolio is overweighted in power generation and underweighted in fossil energy producers, which reduces its exposure to climate-relevant sectors overall. The Scope 1 CO₂ emissions of the directly held real estate fell. Private infrastructure debt was classified in accordance with the UN Sustainable Development Goals for the first time, leading to greater transparency.
