Interest rates have a major impact on pension funds. Not only on investments, but also on the amount of money a fund needs to pay for current and future pensions.

In 2025, interest rates increased. This had two effects. Some investments decreased in value. At the same time, the amount of money SSPF needs to hold for future pensions also declined. This second effect was greater, which strengthened the fund’s financial position overall. SSPF has fully protected its pension liabilities against interest rate fluctuations. As a result, rising or falling interest rates have less impact on the fund than they would without this protection.