Stable degree of coverage of around 105% – Despite the financial crisis year 2022

The stock market year 2022 has led to economic and financial disillusionment across the board. Nevertheless, the degree of coverage is 105% (approximately) at collective foundation level. This degree of coverage is of an informative nature and will be finally announced after the revision has been completed. The individually reported coverage ratio is decisive for each individual pension plan.
The exact effects on the coverage ratio of the individual pension plans have not yet been finally confirmed; these will only be definitively communicated after the audit has been carried out at the end of April and the approval of the annual financial statements by the Board of Trustees on May 17, 2023. Fortunately, the return has already developed very positively in the current investment year 2023 (as of February 28, 2023): Flex 20 +1.79%, Flex 30 +2.11%, Flex 40 +2.52%.

Figures as of December 31, 2022 (approximately)

Affiliated pension schemes 340 pension plans with 12,689 insured persons
Assets CHF 2.4 billion
Coverage ratios Collective foundation: 105%
Flex collective:: 101.3%
Flex pensioners: Slight underfunding (therefore compensation according to the «Participation and restructuring» regulations)
Technical interest rate 1.75% (previous year 1.50%)
Technical basics BVG 2020 / periodic table
Conversion rate 2023: 5.20% on the entire balance
2024: 5.1% on the entire balance
2025: 5.1% on the entire balance
From 2026: will be communicated at the end of 2023

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