Annex 6 AHV bridging pension (Art. 12 Paras. 2 and 4)

Monthly values are cal­cu­lated on the basis of straight-line projections.

Example 1

Retirement at age of 60

With the Group for over 10 years

Number of years until the beginning of the reference age: 5 years or 60 months

Maximum AHV retirement pension: CHF 30,240 per year or CHF 2,520 per month

Employer deposit for bridging pension after 10 years’ affiliation to the Group: CHF 80,100

Employer-financed bridging pension = 80,100/60 = 1 335 per month

1.Maximum AHV retirement pension per month

CHF 2,520

2.Employer-financed bridging pension

– CHF 1,335

3.Monthly difference

CHF 1,185

Cost of a bridging pension of CHF 100 at the age of 60 as specified in table: 5,751

Reduction in retirement savings on retirement to fund ad­di­tional bridging pension: CHF 68,149 = CHF 1,185/CHF 100 * CHF 5,751

Example 2

The same person as in example 1 but has only worked in the Group for 6 years

Retirement at the age of 60

Has worked in the group for 6 years (72 months), i.e. 48 months still needed for an AHV bridging pension funded by the employer

Number of years until reference age: 5 years or 60 months

Reduction of AHV bridging pension funded by the employer

1.AHV bridging pensions funded by the employer after 10 years with the Group

CHF 1,335

2.Reduction: CHF 1,335 / 120 * 48

– CHF 534

3.Reduced AHV bridging pension after 6 years with the Group

CHF 801

Reduction of retirement savings upon retirement

4.Maximum AHV retirement pension per month

CHF 2,520

5.Employer-financed bridging pension

– CHF 801

6.Monthly difference

CHF 1,719

Cost of a bridging pension of CHF 100 at the age of 60 as specified in table: 5,751

Reduction in retirement savings on retirement to fund ad­di­tional bridging pension: CHF 98,860 = CHF 1,719/CHF 100 * CHF 5,751