An individual savings account for retirement provision is opened for each insured person on 1 January after his or her 19th birthday. The retirement assets (savings) consist of the following elements:
- Assets (vested benefits) originating from previous pension plans, which are contributed on joining the pension fund.
- Voluntary payments, known as purchases, to increase your own pension protection.
- Retirement contributions according to the table in the appendix to the regulations of the pension scheme.
- Interest
The Board of Trustees decides on the interest payable on retirement savings each year. The interest rate is usually the same as the minimum interest rate set by the Swiss Federal Council. The aim is to achieve a level of interest which is in line with the conditions prevailing on the investment markets and makes it possible to maintain the healthy financial structure of the pension scheme in the interest of the insured persons.