Pension Plan

Pension Fund buy-ins are possible at any time until age 65 provided the maximum possible retirement savings capital according to the buy-in table has not yet been reached by the end of the current year. The savings contributions and prospective interest are extrapolated to the end of the year.

Your payment will be credited to your individual retirement account and will earn the rate of interest set by the Pension Fund Board. This will result in a corresponding rise in your projected retirement savings capital when you retire and thus in your projected retirement pension.

Click here to calculate the impact of a buy-in to the Pension Plan.

The maximum possible buy-in amount depends on the insured salary and the percentage in the purchasing table in Appendix A of the regulations. Should there be over insurance in the pension plan, i. that the pension plan has a higher savings capital than allowed according to the purchase table, this surplus is credited to the buy-in potential in the capital plan. Likewise, unremitted vested benefits and the portion of the Pillar 3a account that exceeds the allowable amount in accordance with the BSV (Table for calculating the maximum Pillar 3a balance) are deducted from the maximum possible purchase amount.

Tax aspects

As a rule, Pension Fund buy-ins can be deducted from taxable income, but this ultimately depends on the decision of the tax authorities. Following a buy-in, no lump-sum withdrawals may be made during a period of three years. If you fail to respect this required period, the tax authorities may retroactively deny the tax deductibility of your buy-ins. The buy-in amount contributed in the last three years may not be paid out as a lump sum.

Lump-sum payments include:

  • early withdrawals for the purchase of residential property
  • voluntary lump-sum payments on retirement as well as statutory lump-sum payments
  • cash payments after taking up self-employment or after emigration

This does not affect:

  • lump-sum payments in the event of disability or death

Important information

The following must also be taken into account for contributions:

  • Insureds who have made an early withdrawal from their pension fund assets to purchase property will no longer be able to make Pension Fund buy-ins until the withdrawal has been paid back in full.
  • Contributions are permissible only if you have no vested benefits held in vested benefits institutions.
  • With every contribution, the blocking period of three years for lump-sum payments begins anew.
  • If you have moved to Switzerland from abroad and were never previously insured by a Swiss pension fund, the maximum annual buy-in amount in the first five years after moving to Switzerland is 20% of your insured salary.
  • If you were previously self-employed and possess Pillar 3a funds, these will be taken into account when calculating your maximum possible buy-in potential.
  • In each calendar year, a maximum of three Pension Fund contributions may be made (Pension Plan, Capital Plan and ER account).
  • Insureds who have paid pension compensation following divorce may repurchase this amount in full or in part at any time.
  • Insureds who have paid pension compensation following divorce may repurchase this amount in full or in part at any time.

All buy-ins have to be done over your personal bank account. Please ensure that following information is provided with the payment order:

  • First and last name        
  • Insurance number (you can find this number on your pension benefits statement under "personal details")

Interest rates

Year Interest rate
During the year 2020

0.25%

Definitive for the year 2019

4.00%
During the year 2019

0.25%

Definitive for the year 2018

1.50%

During the year 2018

1.00%

Definitive for the year 2017

3.75%

During the year 2017

1.00%

Definitive for the year 2016

2.00%

During the year 2016

1.25%

Definitive for the year 2015

2.50%

During the year 2015

1.75%

Definitive for the year 2014

3.00%

During the year 2014

1.75%

Definitive for the year 2013

3.00%

During the year 2013

1.50%

Definitive for the year 2012

2.75%

During the year 2012

1.50%

from 1.9.2011

2.00%

from 1.1.2011

3.50%

2010

3.50%

2009

3.50%

2008

3.50%

2007

3.50%

Bank details for buy-ins to Pension Plan

Bank: UBS AG, 8098 Zurich
BC-Clearing: 230
PC-Konto: 80-2-2
S.W.I.F.T. -Address (BIC) UBSW CH ZH 80 A
IBAN CH30 0023 0230 3344 2303 W

in favor of: Pensionskasse Schweizerische Rückversicherungs-Gesellschaft (Swiss Re), Zurich

Please ensure that following information is provided with the payment order:

  • First and last name        
  • Insurance number (you can find this number on your pension benefits statement under "personal details")