6% interest credit for 2021 & Pensioners bonus

01/30/2022

2021 was an overall positive investment year, and the pension fund achieved a total return of 6.7%. Due to the solid financial situation of the pension fund, the Board of Trustees decided to give an interest credit of 6% on the assets of active insured persons for 2021. The old-age and spouse pensioners receive a one-off bonus in the spring. The minimum bonus is CHF 1,200, the maximum CHF 9,600. For pensioners whose monthly pension is between these two amounts, the bonus is equivalent to a 13th month pension.

Although we have changed our investment strategy in the last months, we are pleased with the investment performance of 2021. An analysis of the insured structure and asset-liability study carried out in 2021 had shown that due to the large number of pensioners, we are no longer as risk-capable as before. As a result, the Board of Trustees adopted a new investment strategy with a significantly lower equity ratio, which we have in place since January 1, 2022. From today's perspective, the timing for implementation was quite appropriate, and we were significantly less exposed to the turbulence on the stock markets in January.

As of January 1, 2022, all Entserv/DXC members switched to the DXC Pension Fund and are not members of our Pension Fund any longer. We say goodbye to these members and pensioners and wish them all the best for the future. This does not affect our remaining members, as all affiliations are managed separately.