Selection of spouse's pensions

You now have flexibility in your selection of spouse's pensions, allowing you to make this choice in line with your individual pension requirements and lifestyle. In the future, you will be able to assert your autonomy not only in terms of contribution rates, but also with regard to conversion rates, and select the option that best satisfies your personal needs. 

At the time of retirement, you can choose among various options for the insured spouse's pension.
The following options are available:
  • Option 1: Spouse's pension of 60% of the retirement pension
  • Option 2: Spouse's pension of 100% of the retirement pension
  • Option 3: Spouse's pension corresponding to the statutory minimum benefits under the FSOPP

The insured must inform the Pension Fund of the option selected at least two months before retirement. If this is not communicated by the insured, Option 1 is applied. The choice of option is final and cannot be changed at a later time.

Conversion rates

  • Conversion rates are based on the actuarial principles FSOPP 2015, projected to 2016, and generation tables (GT) with a technical interest rate of 1.5%.
  • The insured can determine the size of the deferred spouse's pension at the time of retirement as follows:
    • Option 1: Spouse's pension of 60% of the retirement pension paid
    • Option 2: Spouse's pension of 100% of the retirement pension paid, provided that the benefits provided are at least equal to the statutory benefits under the FSOPP.
    • Option 3: Spouse's pension equal to a minimum statutory spouse's pension under the FSOPP.
  • The conversion rate is determined in accordance with Appendix A on the basis of the selected option.
  • The insured must inform the Pension Fund Swiss Re of the amount of the deferred spouse's pension at the latest two months before retirement. If the insured does not communicate a desired option, a deferred spouse's pension of 60% of the retirement pension is insured.
  • The insured must inform the Pension Fund Swiss Re of the amount of the deferred spouse's pension at the latest two months before retirement. If the insured does not communicate a desired option, a deferred spouse's pension of 60% of the retirement pension is insured.
  • If married insureds choose Option 3, an advisory consultation with the spouse and the Pension Fund Swiss Re is mandatory. The spouse must agree to the choice of Option 3 in writing, with the signature being notarised, or, if preferred and if proof of identify is provided, by personal declaration at the head office of the Pension Fund Swiss Re.

Conversion rate based on retirement age and year of birth

PDF  Conversion rates

Using the conversion rate that applies for the chosen option according to the year of birth, the accrued retirement savings capital at the time of retirement is converted to a pension.

The Pension Fund Board may change the conversion rates at any time.

You can find the full table of conversion rates up to age 70 in Appendix A to the Regulations.

The following reduction conditions apply to spouse's pensions:

  • Reduction of the spouse's pension by 4% per year for each full year over ten years of age difference, ie there is a reduction starting from 11 years of age difference. For instance, for an age difference of 12.5 years, the reduction amounts to 2 x 4% = 8%.

  • The duration of the marriage does not affect the amount of the reduction.

  • The divorced spouse will receive at least the statutory minimum benefits under the FSOPP.

  • The new reduction conditions apply for all new spouse's pensions starting from 1 January 2019.