Retirement benefits

  1. Retirement pensions with retiree child disability pension (Art. 16, 18, 20)
    • On reaching retirement age, all members are entitled to a life-long retirement pension.
    • This is subject to the provisions of Art. 18 of the Pension Fund Regulations relating to early retirement.
    • The retiree's children will receive a children's pension up until 18 years of age (during further education up to 25 years of age).
    • The amount of the annual retiree children's pension amounts, per child, to 20% of the retirement pension received.
  2. Option to take a pension or a lump-sum (Art. 17)
    • On retirement, a member can take up to 100% of his/her retirement savings as a lump sum after deduction of any earlier withdrawals for home ownership.
    • This results in a prorata reduction in retirement and survivors’ benefits.
    • An appropriate written declaration must be submitted at least four months before retirement. The member's spouse must agree in writing to withdrawal as a lump sum.
    • The amount that can at least be withdrawn as capital pursuant to Art. 37 para. 2 OPA or
      up to CHF 80'000 can also be withdrawn as capital if the four-month notice period is not
      complied with.
  3. Voluntary AHV Bridging Pension (Art. 19)
    • Members who take early retirement can claim an AHV bridging pension to compensate for reduced retirement and survivors’ benefits.