Funding ratio 112.74% as of 31.12.2021
ALSA PF shows a (revised) funding ratio of 112.74% at the end of 2021. The target coverage ratio is 112.73%. Thus, the annual financial statement 2021 closes with an income surplus of CHF 310,075. This means that the fluctuation reserves are 100% accumulated. Thanks to an intelligent investment strategy, a performance on the total assets of 12.68% was achieved. This with an equity quota of 35% and a real estate quota of 30%.moreless
1.25% additional interest due to reduction in pension conversion rate
December 2021: In order to reduce retirement losses due to the excessively high pension conversion rate, pension funds are reducing their conversion rates, including ALSA PK. With the latest reduction, ALSA PK was able to reduce retirement losses. The funds thus freed up are now credited to all insured persons with a one-time additional interest rate of 1.25%. The additional interest partially compensates for the reduction in the pension conversion rate.
As a result, the retirement assets of the insured will earn a total of 4.75% interest as of 31.12.2021 (3.50% performance + 1.25% reduction in the conversion rate).moreless
3.50% interest for insured persons in 2021
December 2021: Thanks to its good performance, ALSA PK can pay interest of 3.50% on the savings balances of insured persons. The BVG minimum interest rate for 2021 is 1%.moreless
Reduction of the retirement loss - New pension conversion rates from 2023 onwards
September 2021: ALSA PF aims to maintain financial stability even in an unfavourable environment. Low returns and increasing life expectancy with a constant pension conversion rate cause high retirement losses. These are borne 100% by the active insured. The costs for this can be quantified as 1% to 1.50% interest paid to the active insured. The active insured lack this interest when building up their pension capital.
ALSA PK will gradually reduce the pension conversion rate from 2023. This reduces retirement losses and brings the healthy financial stability desired by active members and pensioners. The interest on the pension capital can be increased by.
Who will be affected by the reduction?
All insured members who will turn 64 or 65 in 2023 or later and retire on a regular basis. Insured persons who will turn 64 or 65 in 2023 and are planning early retirement are also affected.
Further information: Leaflet "new pension conversion schemes", available here.moreless
August 2021: The Board of Trustees was elected for a further four years. Instead of the long-standing members of the Foundation Board Reinhard Stieger and Pedro Güntensperger, Carmen Reumer-Hefti from Weesen, Financial Manager of Romer's Hausbäckerei AG, and Marcel Müller from Lachen, Managing Director of Glasmanufaktur Buttikon, were newly elected. 6 members, some of whom have been members for many years, made themselves available for a further term of office (2021 - 2025). These are: Yvan Brändli, Stefan Jud, Stefanie Kunz, Damir Sabljo, René Scheu and August Wildhaber.moreless
Termination of affiliation contract - Federal Court decision 2020
December 2020: A Federal Court decision strengthens the participation of employees in the termination of the affiliation contract to a pension fund. Informing the employees is not sufficient. The termination is invalid. For further information, please contact us.moreless
External membership for departing insured persons over 58
December 2020: With external membership, the pension plan can be continued in the event of termination. It will still be possible to draw the retirement pension. Savings contributions can continue to be paid in. If desired, the existing pension capital can be deposited with ALSA PF free of charge. The application for external membership must be submitted within 2 months of leaving the ALSA PF.moreless