Volatility Reserve

As a result of fluctuations in the investment performance and the technical result of an IRG of corporate provision funds, there may be fluctuations from one year to the next in the investment performance and therefore pension benefits may also be volatile. The volatility reserve is the equalisation mechanism to avoid such fluctuations or to keep them as low as possible. If the volatility reserve is used up (for example as a result of a continuous prevailing of poor returns of investments), then pension reductions may occur.