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Art. 6 Insured salary

1 The insured salary is equivalent to the annual salary.
2 The maximum amount for the insured salary equates to ten times the upper limit pursuant to Art. 8 Para. 1 BVG.
3 The following are taken into account when calculating the annual salary:
  • basic salary;
  • per­for­mance component that is due on 100% target achieve­ment.
4 All other salary components paid on a regular, occasional or one-off basis are not insured (e.g. one-time con­tri­bu­tions, long service awards, bonuses and fringe benefits).
5 For employees with monthly fluctuating wages, the AHV salary is insured without occasional or one-off salary components in accordance with paragraph 4. The calculation of survivors’ and disability benefits, buy-ins and financing of retirement pension shortfall due to early retirement shall be based on the insured salary of the last 12 months.
6 Wage changes are based on the notification of the employer.
7 Earnings received by the insured member from another employer or as a self-employed person are not insured.
8 In the event of a reduction in salary, the insured salary can be maintained at the same level, provided the insured member is aged at least 58, the salary is reduced by no more than half and the insured assumes the cost of the con­tri­bu­tions on the difference between the previous and the revised salary, for his and the employer’s share. The retention of the insured salary may be terminated by the insured person on the last day of the current month.