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Art. 36 Underfunding

1 In the event of underfunding as per Art. 44 of the BVV2, the Board of Trustees in conjunction with the accredited pension actuary will define ap­pro­pri­ate mea­sures to eliminate the underfunding and restore the fund’s financial equilibrium within a reasonable deadline.

The Board of Trustees shall be re­spon­si­ble for informing insured members, pensioners, the employer and the supervisory au­thor­i­ties of the cause and scale of the underfunding.

2 In particular, these mea­sures can include:
  • levying of shortfall con­tri­bu­tions;
  • the setting of a lower or zero interest rate;
  • reduction of the insured benefits; or
  • a combination of the above mea­sures.

The Board of Trustees may reach agreement with the employer for establishing an employer contribution reserve with a waiver of use.

To this end, the Board of Trustees shall draw up a raft of mea­sures in line with the relevant Federal Council provisions and monitor their effectiveness on an ongoing basis and make any necessary adjustments.