New MyPartTime 58+ working model
MyPartTime 58+ aims to create a greater balance between personal and professional priorities by enabling employees to reduce the number of working hours from age 58. Employer and employee pension-fund contributions and pension benefits remain unchanged.
As announced in Intranet News on June 30, 2020, insured aged 58 or older who have reduced their level of employment may request to continue to have their pension coverage based on their base salary prior to the salary reduction. The reduction in the level of employment and the associated salary must not exceed 30%. The pensionable salary, calculated in relation to full-time working hours, may not be reduced by more than 30%.
The insured pays the employee savings contributions on the difference between the pensionable base salary before and after the salary reduction. The employer pays the employer savings contributions and the risk contributions on the above difference.
Through this working time model, Credit Suisse is taking into account the individual plans of its employees in the later stages of their careers.
Information about the application process can be found on the MyHR portal under "Very Experienced Professionals."
Further details about MyPartTime 58+ can be found on the Pension Fund website under Retirement and in the Pension Fund regulations (Art. 36) available from the Download section.