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Art. 18 Lump sum payable on death

1 Upon the death of an insured person before retirement or a recipient of a disability pension before the reference age, a lump-sum death benefit is paid to the survivors, irrespective of the right of inheritance, in the following order:
  • the spouse; in the absence of such,
  • the partner entitled to a partner’s pension as per Art. 16 Para. 1 or persons who received substantial assistance from the insured member (with the exception of divorced spouses); in the absence of such,
  • all children of the deceased; in the absence of such, their parents; in the absence of such, their siblings.
2 The amount of the lump-sum death benefit payable to the spouse entitled to a surviving spouse’s pension, to the beneficiaries pursuant to Para. 1 lit. b and to children entitled to an orphan’s pension pursuant to Para. 1 lit. c, if any, cor­re­sponds to 100% of the last insured salary, plus:
  • buy-ins in accordance with Art. 8 Para. 2 (without interest), retirement credits in excess of “Standard” in accordance with Art. 7 Para. 4 (with interest) as well as personal financing of the retirement pension shortfall due to early retirement in accordance with Art. 11 Para. 1 (without interest);
  • less early withdrawals for financing residential property ownership and payments of pension compensation in the context of a divorce made during the insurance period at the Pension Fund and not yet repaid.
3 For spouses who are not entitled to a surviving spouse’s pension, and for beneficiaries pursuant to Para. 1 lit. c (if there are no children entitled to an orphan’s pension), the lump-sum death benefit cor­re­sponds to:
  • buy-ins in accordance with Art. 8 Para. 2 (without interest), retirement credits in excess of “Standard” in accordance with Art. 7 Para. 4 (with interest) as well as personal financing of the retirement pension shortfall due to early retirement in accordance with Art. 11 Para. 1 (without interest);
  • less early withdrawals for financing residential property ownership and payments of pension compensation in the context of a divorce made during the insurance period at the Pension Fund and not yet repaid.

In case of partially retired and partially disabled persons, Art. 10 Para. 2 and Art. 21 Para. 3 apply analogously to the calculation of the lump sum payable on death (with regard to insured salary, buy-ins, withdrawals for financing residential property ownership etc.).

4 In the event of death during the pension deferral period (Art. 10a), only entitlement to the lump-sum death benefit arises, unless survivors’ benefits (except Art. 15(7)) become payable at the same time. The amount of the lump-sum death benefit is determined in accordance with paragraph 3.
5 There is no entitlement to a lump sum payable on death for beneficiaries as per Para. 1 b if they receive a spouse’s or partner’s pension from another Pension Fund. Furthermore, beneficiaries as per Para. 1 b are only entitled to the lump sum payable on death if the deceased submitted a written beneficiary declaration during lifetime to the Pension Fund.
6 In the event that there are several beneficiaries within the group as per Para. 1 b or c, the insured member can during lifetime inform the Pension Fund in writing on which persons will receive what proportion of the lump sum payable on death. In the absence of such a statement, the payment will be distributed equally among the beneficiaries.