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