Disability

As a rule, based on the law and the provisions laid down in the regulations of Novartis Pension Funds you are entitled to disability benefits if you are at least 40% incapacitated. The decision of the Federal Disability Insurance (IV) is the defining criterion for the recognition of disability and the definition of the degree of disability.

Pension Fund Novartis 1

When sick pay ceases, at the earliest, we shall pay the pension and lump sum provided for in the regulations. The benefits will continue to be paid up to the statutory (AHV) retirement age, at the latest, when they will be replaced by retirement benefits, or until death or recovery of fitness for work.

Pension benefits

  • Disability pension: In the case of full disability, the disability pension amounts to 60% of the insured remuneration under the risk plan at the start of incapacitation.
  • Disability child pension: For every child up to the age of 20, or 25 if the child is in continuing education, the disabled person is entitled to a pension amounting to 20% of the disability pension received.

Lump sum payments

  • Disability lump sum: In the case of full disability, the disability lump sum corresponds to the savings assets at the start of incapacitation.

Pension Fund Novartis 2

Novartis Pension Fund 2 only pays out a lump sum. This is a one-off payment that is transferred with the first disability pension paid by Novartis Pension Fund 1.

Lump sum payment

  • Disability lump sum: In the case of full disability, the disability lump sum corresponds to the retirement capital, at least 400% insured remuneration under the risk plan, at the start of incapacitation.