Partial retirement

The Pension Fund offers you the flexibility of taking retirement between the ages of 58 and 70. Partial retirement with a corresponding reduction in the degree of employment is possible from the age of 58. The following must apply:

The degree of employment is reduced by at least 20% of the full workload.

The remaining employment amounts to at least 20% of the full workload.

If only a retirement pension is drawn, up to three partial retirement stages are allowed, with the third stage representing full retirement.

If part of the savings capital in the Pension Plan is to be drawn as a lump sum on retirement, no more than two partial retirement stages are allowed, with the second stage representing full retirement.

In addition, the reduction in the level of employment must then be at least 30% of full employment.


Supplementary pension

In case of voluntary partial retirement, the supplementary pension must as a rule be financed by the insured. Transitional provisions continue to apply until 2020. Insureds can finance a supplementary pension by means of contributions to the ER account or by choosing a lifelong reduction of their retirement pension.

Transitional provisions regarding the supplementary pension

Insureds who take voluntary early retirement or partial retirement until 31. December 2020 are entitled to a supplementary pension financed by the affiliated company until they start receiving OASI benefits at the statutory retirement age in accordance with the following table:

The effective amount of the supplementary pension is based on the individual predicted OASI pension. The insured must submit an application to the relevant compensation office for a pension to be calculated in advance and must provide this advance calculation to the Pension Fund Swiss Re. If an insured fails to fulfil their obligations to cooperate and to provide information, the entitlement to the supplementary pension will be suspended until all obligations have been met. Suspended payments will not be back paid.