Early retirement at the request of the affiliated company
In this situation, the projected retirement pension is also based on the accrued retirement savings at the time of retirement, the selected level of survivors' benefits and the conversion rate for your year of birth and the retirement age.
The affiliated company may compensate for the missing normal employer and employee contributions from the date of early retirement to age 65, either in whole or in part, by means of a single contribution before your employment ends, calculated on the basis of your last insured salary. The contribution may not exceed the maximum buy-in amount pursuant to Art 9 and Art 10.
You can draw all or some of the retirement savings capital you have in the Pension Plan and the ER Account as a lump sum instead of a pension.
The maximum retirement savings capital used to finance the pension is capped at CHF 4 000 000. Any excess portion of retirement savings capital will be paid out as a lump sum.
We hereby expressly inform you that the Pension Fund Swiss Re accepts no responsibility for the tax implications of the aforementioned actuarial credit. To understand the tax implications, please consult your local tax authorities.
In the Capital Plan, either your savings capital or the value of the fund units, whichever is higher, becomes due for payment automatically when you start retirement at the request of the affiliated company.
AHV bridging pension
If you take early retirement at the request of the affiliated company and do not yet receive an AHV pension, you are entitled to an AHV bridging pension financed by the affiliated company. This AHV bridging pension will be paid until you start receiving AHV benefits.
The level of the AHV bridging pension is based on your projected AHV retirement pension. However, the supplement for men and women drawing a retirement pension, pursuant to Art 197(16) of the Swiss Federal Constitution (BV) – a transitional provision on the annual additional AHV pension payment known as the "13th month" AHV pension – is not included. In addition, the AHV bridging pension is reduced by the pension supplement pursuant to Art 34bis AHVG (AHV 21 – compensation measures for women of the transition generation who do not begin drawing a retirement pension before reaching the reference age). You are required to apply to the relevant compensation fund office (AHV Ausgleichskasse, (www.ak81.ch) for a projection of your AHV retirement pension and to submit this information to the Pension Fund Swiss Re. Insureds who fail to fulfil their obligations to cooperate and provide information will have their entitlement to the AHV bridging pension suspended until all obligations have been met. Suspended payments will not be back paid.