The interest rate for the MUP plan for the second half of 2014 was set as follows:

For active participants: 3.83%

For former participants: 3.50%

What does this mean for me?

Are you an active member, in other words, do you still work at Mars? If you are an active participant in MPF's 2004-67 pension plan, you are entitled, in accordance with the current pension plan, to an unconditional interest addition to the accrued MUP capital. The interest consists of the price development plus 3%. For the period June 1, 2014 to December 31, 2014, the interest rate is set at 3.83%.

Are you a former participant?

If you are a former participant you are entitled to a conditional interest addition. In the premium and supplement policy, the coverage ratio as of June 30 is decisive for whether or not interest or partial interest can be given. At the end of June 2014, the coverage ratio was 126.4%. Because the pension fund's funding ratio at the end of June was below the required funding ratio (128.5%), only partial interest can be given. The partial interest amounts to 3.50%. 

More information?

More details on the financial position of the pension fund can be found in the monthly news article. The level of interest was determined in accordance with the supplement policy adopted by the Board of Trustees at the end of 2008.