Reminder: capital transfer option available until 30.09.2019

Insured with retirement capital savings (total compensation in excess of CHF 127,980) have a one-time option to transfer their assets accrued in the current retirement capital savings to the new 1e retirement capital savings or to the pension capital savings pot.

1e retirement capital savings

There was a live webcast on August 22, 2019, in which Martin Wagner, Manager of the Pension Fund of Credit Suisse Group (Switzerland), provided details on the features of the new 1e savings plan and its introduction.

MyPension not available from August 20–22, 2019

Due to the installation of new software, the MyPension portal will be unavailable from Tuesday, August 20, until 10:30 a.m. on Thursday, August 22.

Webcast on the introduction of 1e savings plans

There will be a live webcast on August 22, 2019, in which Martin Wagner, Manager of the Pension Fund of Credit Suisse Group (Switzerland), will provide more details on the features of the new 1e savings plan and its introduction.

Change to the Board of Trustees of the Pension Fund

Following the departure of Jean-Noël Granges from the Board of Trustees, Mr. Stéphane Che will replace him on the Board of Trustees of Pension Fund 1 and Pension Fund 2. Stéphane Che is a portfolio manager for institutional clients in Geneva. He will take up office on August 1, 2019.

2018 Annual Report of the Pension Fund

Against the backdrop of a difficult market environment, the Pension Fund of Credit Suisse Group (Switzerland) achieved a performance of -2.2% as of the end of 2018 (previous year: 9%). The coverage ratio fell slightly from 115.6% to 112.1%.

Insurance certificate from the Pension Fund on MyPension

Your insurance certificate from the Pension Fund is available for download on your insurance portal MyPension. The certificate shows your individual pension benefits.

Introduction of 1e savings plans and improvement of death and disability benefits in January 2020

The Pension Fund of Credit Suisse Group (Switzerland) will introduce 1e retirement capital savings in January 2020. This savings plan gives insured with a gross salary subject to AHV contributions of more than CHF 127,980 the opportunity to codetermine the investment strategy that is used to invest their pension assets. At the same time, death and disability benefits will be improved for all insured.

Your account statements from the Pension Fund are now available on MyPension

The individual account statements from the Pension Fund show all transactions in the past year relating to the pension capital and retirement capital pension pots, such as personal payments into the Pension Fund, your savings contributions and those of the employer, and the interest paid.

Interest rates and new Pension Fund regulations

The interest rate for Pension Fund assets is 1.25% for 2018.

From 2019, a five-year period will apply to cohabiting partner's and surviving spouse's pensions.