Fig. 2
From: Swiss pension funds: funding ratio, discount rate, and asset allocation
Number of Swiss Pension Funds. Total number of Swiss occupational pension funds (consolidated level) between 2006 and 2017. Blue bars show total number, the yellow shading indicates number of funds in a shortfall. Between 2006 and 2017, the total number declined from 2138 to 1396 funds. The number of funds in a shortfall (funding ratio < 100%) increased in 2008, following the financial crisis. The sample only includes private and public funds without state guarantee, and only includes funds with a funding ratio between 81.5 and 152.3% (0.5th–95th percentile range)