With comPlan, men and women can retire between the ages of 58 and 65. The capital you have saved is generally paid out in the form of a life-long annuity. The amount of your pension is calculated on the basis of the amount you have saved and the conversion rate valid for your age at the time you retire.
Percentage rate at which pension capital is converted into annuities. The rates depend on the member’s age at retirement. Only full years of life and the starts of the calendar years are shown. The conversion rates are calculated for each month, however.
The conversion rate is calculated exactly to the month. You can view your pension capital and the projected amount of your pension at comPlan Online.
When you retire you will receive a retirement-linked children’s pension amounting to 20% of the statutory minimum pursuant to the BVG for each of your children provided at least one of the following criteria are met:
The child is not yet 18 years old
The child is undergoing training and not yet 25 years old
The child has a disability of at least 70% and is not yet 25 years old
In the event of a capital withdrawal the retirement-linked children's pension is reduced by the amount of the capital withdrawal. You can view the projected amount of a retirement-linked children’s pension at comPlan Online.
When you retire you can have some or all of your pension capital paid out in cash. 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).
Purchases made in the three years prior to the withdrawal may not be taken out as a lump sum for three years (three-year vesting period). We will still pay the remaining departure benefit (less purchases made in the last three years plus interest), but purchases made in the last three years must be retroactively taxed as income.
If you retire before reaching the AHV pensionable age (65 for men, 64 for women), you will receive a bridging pension to compensate for the temporary loss of income. Your employer will provide an amount for this purpose depending on when you retire, how long you worked for the company and the degree of employment.
The bridging pension is calculated as follows provided the beneficiary spent at least ten years working for the company: CHF 80,100 multiplied by the degree of employment and divided by the number of months until ordinary AHV pensionable age is reached. This monthly pension payment does however correspond to no more than the maximum AHV old-age pension adjusted for the degree of employment. The amount is reduced proportionately if you have been working for the company for less than ten years. You can view the amount of the bridging pension at comPlan Online.
Entitlement to a bridging pension is not affected by whether the employment contract was terminated by you or your employer. If your bridging pension is lower than the maximum AHV old-age pension adjusted for the degree of employment, you may increase it to the maximum on a voluntary basis. This reduces your life-long pension, however.
From the age of 58 you can also retire gradually, i.e. work with a reduced degree of employment while also receiving some of your old-age benefits. Your pension capital and the bridging pension will be distributed proportionately between your partial retirement and your continued employment. You may receive your prorated benefits as capital or in the form of a life-long pension in connection with your early retirement. You and your employer continue to pay contributions for the portion relating to your continued employment, but based on the new, reduced degree of employment and the correspondingly adjusted salary. You may partially retire every 12 months with us. You can calculate the amount of your old-age benefits in the event of partial retirement yourself at comPlan Online. If you reduce your degree of employment after the age of 58 without taking some of your old-age benefits, your entitlement to a bridging pension will be reduced proportionately.
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 retirement pensions and retirement-linked children's pensions in 2021