2024
Adjustment of existing pensions for inflation
The Pension Fund Board decides annually on any possible adjustments to current pensions to take account of inflation, in line with the financial situation of the Pension Fund Swiss Re based on the provisional monthly closing as of 31 October 2023 and on price developments.
The Pension Fund Board took note of the provisional monthly closing as of 31 October 2023 at its meeting of 7 December 2023. As of 31 October 2023, there are no free funds.
The Pension Fund Board keeps a very close eye on the financial performance of the Pension Fund Swiss Re and will take every care in considering how any future free funds are to be allocated. In any such allocation, the Board's first priority is redressing the unequal treatment of insureds before considering an allocation of free funds to pension beneficiaries.
Since 2011, the interest accrued to insureds' retirement savings capital has trailed the accumulated technical costs of financing and securing current pensions. The cumulative interest gap to the disadvantage of insureds is provisionally to about 18% as of year-end 2023. In other words, insureds earned estimated 18 percentage points less interest on their capital than did pension beneficiaries over the same period.
Accordingly, current pensions, such as retirement pensions, disability pensions, spouse's pensions, child's pensions and orphans' pensions, will not be adjusted with effect from 1 April 2024. A BVG conformity calculation is performed to ensure that the BVG minimum requirements are met at all times.
New Pension Fund Regulations valid from 1 January 2024
New Pension Fund Regulations apply for the Pension Fund Swiss Re with effect from 1 January 2024.
As a pensioner, you are not affected by these changes.