Interest on retirement savings

The long-term pension benefits are solidly financed and the financial situation allows for higher interest. The Foundation Council decided unanimously to apply an interest rate of 6.0% on the accrued retirement savings (basic account, ad­di­tional account and account for early retirement) for active policyholders in the 2024 financial year. This is 4.75% more than the BVG minimum interest rate of 1.25% stipulated by the Federal Council for interest on compulsory retirement savings. The interest rate of 6.0% will be applied to all retirement savings, i.e. for both the mandatory and the extra-mandatory portion. The decision demonstrates the Foundation Council’s desire to ensure that retirement savings bear interest steadily over the financial years as far as possible. Furthermore, in the 2025 financial year, retirement savings will bear interest during the year at the BVG minimum interest rate of 1.25% and the current old age, disability and survivors’ pension will not be raised as at 1 January 2025.