With effect from 1 January of the year in which they turn 18, employees who earn more than CHF 21 510 a year are insured by the Pension Fund for the risks of death and disability. The contributions for this cover are fully paid by the employer.
With effect from 1 January of the year in which they turn 25, employees who earn more than CHF 21 510 a year are insured by the Pension Fund for the risks of death and disability and also pay savings contributions.
Members can choose from three contribution categories under the Pension Plan.
You can choose from three contribution categories in the Pension Plan. Category 1 is the default category for contributions. Insureds can change their contribution category at any time provided that they retain the new one for at least one year. The amount selected is paid into the insured's individual retirement account in the form of a retirement credit and is deducted directly from the insured's salary.
Please note that in the event of an illness or accident resulting in long-term incapacity to work after the employer's obligation to continue paying your salary, you are only exempt from contributions to the pension fund for the percentage of your personal savings contributions that you have chosen. If you have chosen a category 2 or 3 contribution, the exemption would only be granted to the corresponding 4.8% or 0% and could not be changed.
The employer pays a maximum retirement credit amounting to 18.5% of your insured salary in all contribution categories.