Pension Plan

The Pension Plan is based on a defined contribution scheme for retirement benefits and on a defined benefit scheme for the risks of death and disability.

All employees with permanent and limited-term contracts of an affiliated company are insured based on their pensionable salary (fixed salary) less a coordination amount. The coordination amount depends on the FSOPP legislation, it is reduced proportionally for part-time employees. The maximum insured salary is subject to the provisions laid down by law. The normal retirement age for women and men is 65; the earliest possible retirement age is 58. Benefits are usually paid out in the form of pensions. The Conversion rate applied for a retirement age of 65 depends on the year of birth of the insured person and the selected survivor's benefits. However, employees have the option of drawing all or part of the retirement savings capital accrued at the time of retirement as a lump sum.

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%