As a member, you will receive the following benefits when you reach the statutory retirement age:

• a retirement pension, or
• a lump-sum retirement payment if you have written to us asking to exercise this option; married members require the written consent of their spouse
• pensions for children of retired members

How to calculate your pension

To determine the amount of your pension, you need to know two things:

• the value of your retirement assets
• the conversion rate

You accumulate your retirement assets from the first day of January following your 24^th birthday until you reach pensionable age. The amount of your retirement assets increases in stages as you grow older. These savings attract the fixed annual interest rate until your retirement date. When retirement age is reached (at 64 for women and 65 for men), the accrued assets are multiplied by a figure known as the conversion rate to obtain the annual retirement pension.

To illustrate the calculation of an annual pension entitlement, retirement assets of CHF 100'000.- multiplied by a conversion rate of 6.8% produce an annual pension of CHF 6'800.-.

Early retirement

Early retirement is possible from the age of 60 (men) or 59 (women), and you can postpone your retirement until the age of 70 by agreement with your employer.