Plans
The Pension Fund Swiss Re manages two pension schemes. Benefits are based on the Pension Fund Regulations.
| Comparison |
Pension Plan |
Capital Plan |
|---|---|---|
|
Insured |
Annual salary less coordination deduction |
Bonus/API |
|
Savings contributions |
Employer: 18.5% Employee: 9.5% or 4.8% or 0% (optional) |
Employer: 10% of API |
|
Investment |
All of the investments made by the Pension Fund |
In the UBS AST2 Kapital Plus fund |
|
Investment strategy |
Liquidity 2% Shares 24% Bonds 44% Real estate 24% Alternative 6% Investments | Liquidity 0% Shares 34% Bonds 53% Real estate 13% Alternative 0% investments |
|
Interest rate |
By resolution of the Pension Fund Board, in the event of a funding ratio of greater than 100%, at least the FSOPP minimum interest rate. Interest is credited annually and is accumulated. |
As determined by the Pension Fund Board. The rate is 0% with effect from 2018. Swiss Re employees who joined (entered) the Pension Fund on or before 31 Dec 2019 are entitled to a share of any fund price gains realised. Profit sharing for employees who joined after 31 Dec 2019 is calculated based on the number of full years of service. Please refer to the information sheet "Buy-ins to the Pension Plan" |
|
Buy-in potential |
In accordance with the FSOPP, the age of the insured and the amount of the insured annual salary (Appendix A, table Buy-in to the Pension Plan) |
In accordance with the FSOPP, the age of the insured and the average amount of the two most-recent bonuses/APIs (Appendix A, table Buy-in to the Capital Plan) |
|
Buy-in possible until the age of |
65 |
62 |
|
Tax deductibility |
Yes, provided that all conditions are met |
Yes, provided that all conditions are met |
|
Upon leaving Swiss Re |
Is transferred to the new pension fund or to a vested benefits account or to your private bank account if you have left Switzerland permanently |
Is transferred to the new pension fund or to a vested benefits account or to your private bank account if you have left Switzerland permanently |
|
For advance withdrawals relating to the incentive to purchase residential property or in the event of divorce |
In cases of advance withdrawal in connection with the incentive to purchase residential property or in a divorce settlement, the Pension Plan is charged only as a subsidiary to the Capital Plan |
The incentive to purchase residential property is financed first by the Capital Plan. If this is not sufficient, the remainder is obtained from the Pension Plan |
|
In cases of retirement |
The insured can choose whether they would prefer a life-long pension or a one-off lump-sum payment from the Pension Plan. It is also possible to choose both of these options, with the insured receiving a percentage of each |
The insured receives a one-off lump-sum payment only |