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Preface 2025
Preface 2025
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Preface 2025
  • Key figures
  • Jahresbericht 2025de
  • Preface 2025
  • Jahresbericht 2024de
  • Preface 2024
  • Index
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Table of contents for the Preface 2025 report

Preface
Financial situationInterest on retirement savingsParticipation of pension recipients in investment income
1. Adjustment of current pensions for inflation (inflation adjustment)2. One-off payments
Amendment of Pension Fund regulationsSustainable investmentNew accredited pension actuaryPersonnel changes in the Foundation Counsil and in the Investment CommitteeOutlookThank you
Important key figuresAssets
Financial markets in 2025Management of plan assetsChanges to investmentsComposition of investments as at 31 December 2025Overview of investment performanceSustainability reportOutlook for the reporting year 2026
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2. One-off payments

  • Depend on the available surplus; can be paid out independently of inflation compensation.
  • The one-off payment ranges from half to three months’ pension. The current monthly pension serves as a reference.
  • The amount is determined on a graduated basis according to the retirement date or the underlying conversion rate in order to take account of the different conversion rates of previous years – and thus the guaranteed benefit promise.

The precondition for both instruments is that comPlan is in a sound financial position and the target fluctuation reserve and surplus has been reached. Mea­sures that have been decided upon take effect from April onwards, subject to the revised annual accounts.

At its meeting on 25 November 2025, the Foundation Counsil decided not to grant any inflation adjustment, as annual inflation is below 0.5%. Thanks to comPlan’s sound financial position, the Foundation Counsil has decided to make a one-off ad­di­tional payment for 2025. The payment will be made on 15 April 2026 together with the regular monthly pension. The amount of the ad­di­tional payment ranges from half to three months’ pension and takes into account the different conversion rates at the time of retirement. Current old-age, disability and survivors’ pensions as at 1 January 2026 will not be increased.