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: 9.5% from age 20 to age 24 and 18.5% from age 25
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              30%
Bonds               38%
Real estate       23%
Alternative          7%
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 105%, at least the FSOPP minimum interest rate. Interest is credited annually and is accumulated.

As of 2018, general interest rate 0%.

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

70, provided you are still employed.

67, provided you are still employed.

Tax deductibility

Yes, provided that all conditions are met. Please take note of the three-year limit pursuant to BVG Art 79 para b.

Yes, provided that all conditions are met. Please take note of the three-year limit pursuant to BVG Art 79 para b.

Upon leaving Swiss Re

Assets transferred to your new pension fund or to a vested benefits account (if you leave without starting a new job) or to your private bank account if the conditions for a cash payment are met

Assets transferred to your new pension fund or to a vested benefits account (if you leave without starting a new job) or to your private bank account if the conditions for a cash payment are met

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 and to the ER account.

The incentive to purchase residential property or withdrawal in case of divorce is financed first by the ER account and 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