The valuation of the liabilities is based on long-term capital market interest rates in line with the market and not on the technical interest rate. By applying this calculation method, both the asset and the liability side are valued according to the “fair value” principle. With regard to the valuation of current or future pension obligations, the concept of a generational table is applied, i.e. the pension present values and the projected pension cash flows already include an assumed increase in life expectancy. The capital market-based methods allow the calculation of the economic funding capital, the economic funding ratio and the financial risk capacity of a pension fund based on this.