Once the integration of Credit Suisse has been completed, the aim is for the same pension model to apply to all employees in Switzerland. The alignment of the pension model of PF CS with that of PF UBS will lead to an improvement in pension fund benefits for the majority of employees insured with the Pension Fund of Credit Suisse in Switzerland. This is due in particular to the fact that employer savings contributions are higher in most cases and that it is possible to draw the entire retirement assets as a pension. CS employees who are closer to retirement would be negatively affected by the plan adjustments owing to the slightly lower conversion rates. For this reason, transitional measures have been defined for those CS employees who are over 50 years of age on December 31, 2026.  

It is planned that the integration of CS will be largely completed by this date, which is why the alignment of the pension model of PF CS with that of PF UBS will not take place until then.

No decision has been taken so far on a possible future merger of the two pension funds. Merging pension funds is a complex undertaking in which various regulatory and legal aspects must be taken into account. 

It is planned that the 1e retirement capital savings plan will be closed for new contributions from January 1, 2027. The existing capital remains invested, and it is still possible to change the investment strategy at any time.