If you become disabled as the result of an illness or accident, you will receive an annual disability pension amounting to 50% of your insured salary upon becoming disabled in addition to the pension paid out in accordance with the Swiss Federal Disability Insurance Act (IV). This requires you to have been insured with comPlan at the time you became incapable of working, which resulted in your disability. You are entitled to the entire disability pension if your degree of disability is 70% or more. If your degree of disability is between 25% and 69%, your disability pension will be paid out based on the degree of disability in accordance with IV. Your disability pension can also be reduced if the total of all pensions in the event of disability combined with other qualifying sources of income (e.g. IV and UVG pensions) exceeds 90% of the most recent annual salary before becoming disabled.
We require a legally valid IV assessment in order to assess your entitlement to a disability pension and determine its amount. Your disability pension starts when you qualify for the IV pension, but no earlier than when you lose your entitlement to your salary or accident/daily nursing benefits. This is generally the case for Swisscom employees after 24 months of illness. Your disability pension will be paid out until you reach the age of 65 at the latest. You will then qualify for a disability old-age pension.
In the event of disability we will continue the pension saving process for you but you no longer need to make any contributions of your own. comPlan will credit the standard savings variant contributions to you from the time that you receive the IV pension. When you reach the age of 65 your disability pension will be converted into a life-long old-age pension. This will be calculated on the basis of the amount of capital saved and the applicable conversion rate. Your disability old-age pension amounts to at least 90% of the insured disability pension. You can however choose to withdraw some or all of your pension capital instead of receiving a disability old-age pension. In the event of partial withdrawal your disability old-age pension will be adjusted proportionately. This also applies to the vested benefits guarantee of 90%.
In the event of disability we will continue the pension saving process for you but you will be exempt from making any contributions of your own. comPlan will credit the standard savings variant contributions to you from the time that you receive the IV pension. When you reach the age of 65 you may convert your disability pension into a life-long pension or withdraw dome or all of your pension capital as a lump sum.
If you choose to have all of your pension capital paid out in cash you will no longer have any entitlement to any further benefits from us from the time you retire. This means that any retirement-linked children’s pensions or survivors’ pensions in the event of death are forfeited. If you only withdraw a partial amount, your capital and the pension benefits calculated on the basis thereof will be reduced accordingly. The capital withdrawal will be taxed separately from your income using a reduced capital tax rate.
In order to process a capital withdrawal we require a written application at least one month prior to your retirement. If you are married or living in a registered partnership then your partner must co-sign the application with certification from a notary. Changes to the submitted application may be made up to one month prior to your retirement and must also be co-signed by your partner (with certification from a notary).
If the Swiss Federal Disability Insurance assessment is delayed, you are entitled to an IV advance payment provided the following criteria are met:
You have been unable to work for at least twelve months
Your employment has not been terminated within those twelve months
You registered for an IV pension at least six months ago
You have lost your entitlement to your salary or the daily benefits from IV, unemployment, sickness, accident or military insurance have ended
The amount of the full IV advance payment corresponds to 50% of the insured salary upon the presumed occurrence of disability plus the maximum IV pension. The IV advance payment is reduced accordingly in the event of partial incapacity and part-time work.
Payment of the IV advance payment ends:
Upon entry into force of the Swiss Federal Disability Insurance assessment (IV)
Upon the withdrawal of the IV application
If the member becomes able to work again
Upon reaching retirement age
In the event of death
The IV advance payment is offset against the retroactive pensions of the pension provider as well as Swiss Federal Disability Insurance.
Every year we assess whether ongoing old-age, survivors’ or disability pensions should be adjusted for inflation. Whether or not such an adjustment is made depends on comPlan's financial possibilities. Pension increases can however only be carried out if the value fluctuation reserves have met their target. The findings of the inflation adjustment assessment carried out by the Board of Trustees are published in the financial report each year. Since our pensions generally exceed the statutory minimum by a significant amount, the statutory adjustments to the BVG survivors’ and disability pensions by the Federal Council are of little relevance to comPlan.
Payment dates for disability pensions, disability-linked children's pensions and disability old-age pensions in 2021