VORSORGE UPDATE
Retirement assets will be credited with 2% interest in 2017. Up to the middle of December, a total rate of return of 3.3% could be earned. All investment categories have made a positive contribution to this.
Financial situation
The
first three quarters of 2017 were characterised by static to moderately
increasing Swiss interest rates and pleasingly rising stock and real estate
markets. Up to now, this trend has continued in the fourth quarter.
Even if the portfolio strategy is orientated towards lower share and currency risks compared with the Swiss average, up to the middle of December, it proved possible to achieve a positive overall rate of return of 3.3%. The actuarial coverage ratio before interest on retirement assets amounts to 103.4% in 2017.
Interest
in 2017 and interest rate during the course of 2018
The
market-consistent valuation of pension capital and low investment risks are
again having a positive effect on the interest on the retirement assets of
those currently insured. This initial situation enables the Board of Trustees
to pay an interest rate of 2% on retirement assets. In this respect, the
interest on retirement assets is, as targeted, higher than that of the pension
capital of 1.25%. However, it also lies significantly higher than the minimum
interest rate of 1% of the OPA (Occupational Pensions Act). At the same time,
it will be possible to increase the legally prescribed reserve for fluctuations
in value on the financial markets.
The interest rate is 0.5% for such events as withdrawals and retirements during the course of 2018.
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Our offices will be closed from 23 December 2017 up to and including 2 January 2018.
We wish you a joyous festive season.