The benefits to which you are entitled for life upon reaching old age are the central element of any pension fund. Reference age is reached on the first of the month following the month in which an employee turns 65. The earliest possible retirement age is reached on the first of the month following the month in which an employee turns 58. Employees are permitted to take early retirmenet from the age orf 58. Voluntary continued insurance in the event that you stay in work after reference age is possible up to the age of 70.
The amount of your lifetime old-age pension is based on the retirement assets available at the time of normal or early retirement and the conversion rate applicable at this time. The following calculation example is based on retirement at the reference age:
- Retirement assets x Conversion rate = Annual old-age pension
- CHF 500,000 x 5.1 % = CHF 25,500
Instead of drawing an old-age pension on a lifetime basis, your retirement assets can be paid out to you in full or in part. This becomes an option at the earliest on the first day of the month after reaching the age of 58 and must be notified in writing to the Personalvorsorgestiftung der Feldschlösschen-Getränkegruppe two months in advance. If you would like to take advantage of this, we will be happy to provide you with a form to register your claim. This is no longer an option after retirement.
If you die after retirement, the pension for surviving spouses or partners reported to us amounts to 70 per cent of your old-age pension. Surviving children receive a pension amounting to 20 per cent of the old-age pension up to the age of 18 or, if they remain in education, the age of 25.