During the meeting held on 14th September 2017 the Board of Foundation approved the interim accounts to the 30.06.17. Those accounts showed a positive result (without taking into consideration the adjustment of the technical provisions), which is expected to become final at 31st December 2017.

Were published the 2016 final accounts approved by the Board of Foundation on the 16.05.2017. The new degree of liquidation cover is 112.40%. The reserves have increased. The auditor and the financial expert have found the correct administration in all the points of view.

In the year 2017, the wages subject to LPP are :

  2013-2014 2015-2016-2017
Gross minimum wage AVS admission Fr. 21'060.00 Fr. 21'150.00
Coordinated annual wage Fr. 24'570.00 Fr. 24'675.00
Gross wage AVS maximum Fr. 84'240.00 Fr. 84'600.00
Maximum insured salary Fr. 59'670.00 Fr. 59'925.00
Guaranteed minimum insured wage Fr. 3'510.00 Fr. 3'525.00

LPP salary rate is 1.00 %.

The so-called "Layer" system mechanism has been postponed, to 2018.

All insured persons and employers have received an important communication concerning the effects of the reform " Retirement 2020 " being discussed in the Parliament "Nazionale" since September 26th 2016 (the Parliament "Stati" had approved the reform last year). This document outlines the consequences for affiliates to the Foundation with 1.1.2017 effect, following the decision of the Board of Foundation the September 8th 2016.

Were published the transitional accounts up to 30.06.2016 approved by the Board of Foundation on the 8th. September 2016. The operating result is influenced by the performance of the Stock Exchange, and is not considered the technical provisions which will be updated with the final closure on December 31st. 2016.

Were published the 2015 final accounts approved by the Board of Foundation on the 28.04.2016. The new cover degree is 104.42%

Given the results up to September 30, 2015, the Board of Foundation has decided to pay 1.75% of interest on all capital for the year 2015 (then also the over compulsory part ) instead of just only the minimum LPP decided by the Swiss Federal Council.

In view of the reform (approved at the Council States and in program at the National Council ) which involves, the lowering of conversion rate at 6% of the annual pension benefit, the Board of Foundation has provided new tables with 6.6% beginning from 2016 for the plans over the minimum LPP, but on the entire retirement savings and ensuring, on the minimum LPP still the 6.8% while waiting the decision. The tables are published in our regulation (annex 1).

Were published the transitional accounts up to 30.09.2015 approved by the Board of Foundation on the 12.11.2015 that close with a loss of CHF 1'440'906.47, mainly due to the loss (unrealized) on the valuation of securities. The performance at September 30, 2015 was -0.8% while in October 31, 2015 had already reached +1.42% with a recovery on an annual basis of 2.22%. The loss in monetary terms would have been completely reabsorbed with positive effects on the closure to 31.12.2015.

The Federal Council has decided to change the pension rate to 1.25% instead of 1.75% from 1.1.2016. This reduction is justified by the fact that the Federal bond rates to 10 years are negative at -0.3%, only with the real estate would be possible to regain.

Were published the transitional accounts up to 30.06.2015 approved by the Board of Foundation on the 23.09.2015. The new cover degree is 108.46% . The operating result is strongly influenced by the performance of the Stock Exchange that went back to January 2014 values, eliminating virtually the unrealised profits. Fortunately we have a percentage of investment in properties near to 30% which compensates these losses compared to 31.12.2014.

Were published the 2014 final accounts approved by the Board of Foundation on the 08.06.2015. Before the creation of reserves, the operating surplus was of CHF 5'200'000.--. The technical budget is of 108.90%, consequently the technical liquidation budget (i.e. if the Foundation was disbanded on the 31.12.2013) corresponds to 116.50%. Entities and other affiliates are 232. The total number of insured persons in the year has been of 2490. The Foundation's assets has been increased by 80 Millions in 2008 to 153 Millions in 2014 (+91.25).

Due to the good results up to 30.09.2014 the Board of Foundation decided to attribute the interest of 2.50% on all asets of old-age pension for the 2014 (part mandatory and compulsory benefits).

This year the Foundation has supported the Children's Concert organized in Locarno from Pro Juventute.

Were published the 2013 final accounts approved by the Board of Foundation on the 20.06.2014. The provisional accounts of 05.05.2014 gave an operating surplus of CHF 2'833'000.-- with the allocation to the various reserves for a total CHF 16'663'000.--. The technical budget is of 106.19%, therefore the technical liquidation budget (i.e. if the Foundation was disbanded on the 31.12.2013) corresponds to 125.70%. The net profitability (not the gross performance) of total assets was of 3.40% in Swiss francs, whereby the Board of Foundation confirmed the attribution of a 2.5% net interest on all assets of old-age pension (compulsory part and over compulsory part). Institutions and other affiliates are 212. The total number of insured persons in the year has been 2413. The Foundation's assets has been increased by 80 Millions in 2008 to 143 Millions in 2013 (+78.7%).

The Board of Foundation decided to attribute the 2.50% interest on all assets of old-age pension for the year 2013.

The Federal Council has decided to change the pension rate to 1.75 % instead of 1.50% from 01.01.2014.

From 2014 the transformation rate of old age pension capital is identical between men and women, and corresponds to a 6.8% of the compulsory part. The FTP instead applies 6.8% on all old-age assets (compulsory part and over compulsory part).

Were published the 2012 final accounts approved by the Board of Foundation on the 13.06.2013 where is a balance of the operating account of CHF 4'142'616.-- with a technical budget to 112.94% prior to the establishment of reserves. After the establishment of reserves for CHF 16'000.000.-- the technical budget of continuity corresponds to 109.73%. Therefore the technical liquidation budget corresponds to 121.89% (109.73% + 12.16%).

It was just delivered the project at USI by a group of students followed by Prof. Carmine Garzia for a master's degree in marketing. The project was carried out in two parts: the first compares 11 countries (EU 10 and Switzerland) on the issue of supplementary pensions, while the second part develops hypotheses about communication strategy based on the results of the specific investigation made for the Foundation.

To the realization of the project, have collaborated the students: Clare Gatto, Jana Grankovskaja, Natalia Kovalenko, Michael Mercurio and Charles Grazioli. We would like to thank all the companies and people involved in the investigation that will be the subject of a in-depth analysis by the administration of the Foundation. HERE you can find the slides of the project

In 2013 the rate of transformation of old-age pension capital will be for men of 6.85% and for women of 6.80%

On the occasion of the Christmas holidays the Foundation Board has decided an important funding for the Organization Switzerland Armenia KASA (Komitas Action Suisse-Arménie) for creating remote courses in Armenia. KASA is an organization that is 15 years old and is recognized as a non-governmental organisation (NGO) to Federal and international level.

Given the good results The Board of Foundation at its meeting of the 16.11.2012, decided to confirm the interest of 2.5% on all old-age pension (LPP minimum part + superior part) instead of 1.5% decided by the Federal Council.

From intermediate accounts until 30.09.2012 approved by the Board of Foundation on the 16.11.2012, there is a technical budget of 113.43% (30.09.2011: 111.65%).

Given the positive results up to 30.06.2012 the Foundation Board decided, at its last meeting of the 07.09.2012, a further reduction of 10% risk premium starting from 01.01.2013 (since 2009 we reduced insurance premiums of 30%).

From intermediate accounts untill 30.06.2012 approved by the Board of Foundation on the 07.09.2012, there is a technical budget of 112.65% (30.06.2011 : 107.71% - 31.12.2011 : 109.75%).

It was published an article in the Corriere del Ticino dedicated to the Foundation.

  • Article in the Corriere del Ticino dtd. 20.01.2010
  • With the 1st. June 2002 entered into force bilateral agreements with the European Union. The important effects in the area of occupational benefits are:

    • to continue to collect your pension capital in the occasion of early return in countries of the European Union, only until May 31st. 2007. After that date the capital must be maintained at a Bank vested benefits account or as an insurance vested benefits policy, until retirement. In special cases, it is possible to proceed with the payment with a statement of the respective social Office, if the Italian or Spanish citizen. within their own country is without an economic activities.
    • to maintain the possibility of withdrawal of capital for all citizens from countries not belonging to the European Union.

    With the 1° January 2005 for the pension foundations became definitive the retirement of women at 64 years by analogy with what is expected under the AVS.

    First change of the LPP since 01.01.2005

    Below you will find the most important changes of the first LPP (LOB) revision (the entire edited text, lies on the site of the Swiss Confederation www.admin.ch)

    art. 2 compulsory insurance of the employed and the unemployed: minimum salary change of entry, to 3/4 of the current one, to CHF 19'350.00

    art. 7 minimum salary and age: the coordination salary is equal to 7/8 of maximum AVS pension, then to CHF 22'575.00

    art. 14 amount of retirement pension: the modification for the conversion rate of the old-age pension at 65 years was brought for everyone at 6.8% with indication of 7.15% for 2005 (in transitional rules there is an adjustment period of 10 years) according to the following scale:

    MenDate of birthWomen
    7.15%1940
    7.10%1941
    7.10%19427.20%
    7.05%19437.15%
    7.05%19447.10%
    7.00%19457.00%
    6.95%19466.95%
    6.90%19476.90%
    6.85%19486.85%
    6.80%1949 and more6.80%

    In 2014 is thus: 6.80% men, 6.80% women

    art. 16 old age benefit: the rates between men and women for the calculation of pension benefits, according to the following scale are the same:

    Age men/womenPension crediting
    24 - 347%
    35 - 4410%
    45 - 5415%
    55 - 65/64 (women)18%

    art. 19 Widow pension : until 31.12.2004 the pension was only for the women, the new reform instead plans a spouses pension therefore even for men.

    art. 20a Pension beneficiaries: in case of death of the insured, in addition to direct relatives and spouse are possible other beneficiaries as survivors.

    art. 23 The right to disability pension: disability pensions has increased and is paid from 40% and no longer only from 50%.

    art. 24 disability pension's amount: below you will find the change of benefit :

    • whole from 70%
    • 3/4 from 60% to 69%
    • half from 50%
    • 1/4 if at least 40%

    art. 37 Performance Form: for the lump-sum payment you can ask 1/4 share in cash instead of the annuity without written advance notice to the Insurance Institute.

    art. 49 Freedom operational: operational and organizational freedom of pension schemes is very detailed while before was extremely generic.

    art. 53 Control: in case of dissolution (and duration over 5 years of the contract) cannot be reduced the vested departure benefit, under the edge of the art. 15 LFLP.

    art. 65 Financing pension's Institution - principle: transparency on what should be known on part of the insured.

    art. 65a Financing-transparency: precise provisions on reserve that should be taken to guarantee pensions.

    art. 86 Special provisions - secrecy: information to be given annually to policyholders (insured).

    art. 89a et seq.: relationship with European law: the final departure transfer abroad for Europeans can be done only until June 1st. 2007, after must be created an insurance policy or a vested departure benefits account in Switzerland.

    We reiterate that this is only a summary of all changes for the entire change please visit the website of the Swiss Confederation www.admin.ch.

    You can contact us by email or our offices if you have any questions.