Glossary

Personen, welche die Buchführung des Geschäftsjahres prüfen. Das BVG verlangt eine beruflich qualifizierte Revisionsstelle. Sie ist für alle Vorsorgeeinrichtungen obligatorisch.

An institution that is licensed to operate a mandatory occupational benefits scheme. When it is entered in the pertinent register of the cantonal supervisory authority, it is under an obligation to meet all the (minimum) legal requirements of the OPA at all times.

The regulations of a pension fund are issued by the most senior governing body (Board of Trustees) and define the content of the pension fund's legal relationship between the pension fund and each one of its insured members/benficiaries. This is a standard contract form, comparable with the General Insurance Conditions (GIC), in which the benefits and contributions of the pension fund are described in detail.

This term describes the process in which a (semi-autonomous) pension fund covers all or some risks through a collective insurance contract with an insurance company.

Sum of compounded retirement credits.

(Savings) contribution for the accumulation of retirement assets (retirement pension), expressed as a percentage of the coordinated pay. The contributions are typically staggered on the basis of age.

One-off payment that the pension fund pays out to the insured person in cash when he or she reaches the age of retirement.

An option defined in the regulations allowing (reduced) retirement benefits to be taken early if the employment contract is terminated within a certain period before statutory retirement age is reached (e.g. from age 60).

Partial receipt of retirement benefits following a corresponding reduction in working time before reaching retirement age (e.g. from age 60) or also in cases of continued employment beyond retirement age (e.g. Up to age 70).

Benefits in the event of disability and/or death