The AHV 21 reform will come into effect on January 1, 2024 and will also impact the occupational benefit scheme.
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The AHV 21 reform will come into effect on January 1, 2024 and will also impact the occupational benefit scheme.
Reference age
Starting from January 1, 2024, the pension regulations and other comPlan documents will utilize the term "reference age" uniformly. Following the AHV reform, there is now a consistent retirement age of 65 for both AHV and occupational benefits. At comPlan, an ordinary retirement age of 65 has already been applicable to all genders, with the exception of the AHV bridging pension for women.
Deferral of retirement benefits (from age 65 to a maximum of age 70)
The employment relationship with Swisscom shall automatically terminate without notice upon reaching the statutory reference age. By mutual agreement, the employment relationship may be continued after reaching the statutory referece age.
Deferral without savings contributions:
From January 1, 2024, you will have the option to request the deferral of your retirement pension after reaching the reference age. The prerequisite for this is that you continue working for the Swisscom Group. You must decide on the deferral at the time you reach the reference age. The deferral results in an increase in the conversion rate and further interest on your retirement assets. Upon permanently ceasing work, your accumulated retirement savings will be converted into a retirement pension using the conversion rate applicable at that time. The deferral not only increases your retirement pension but also your survivors' benefits.
Deferral with savings contributions:
Starting from January 1, 2024, you have the choice to request the deferral of your retirement pension after reaching the reference age while continuing to make savings contributions, if desired. The prerequisite for this is that you continue working for the Swisscom Group. You must opt for a deferral with savings contributions at the time you reach the reference age. In this case, your retirement assets will be credited with interest, as well as employee and employer contributions. Regardless, you will remain in the pension plan you were in prior to reaching the reference age. The continuation of the pension plan is only possible within the framework of the previous plan; changing savings plans is not allowed. You can decide at a later date to stop making contributions while still deferring the receipt of your pension (provided you remain gainfully employed). However, after deferral without savings contributions, it is not possible to request insurance with contributions again. The deferral with savings contributions increases not only the conversion rate but also your retirement assets, and consequently, your retirement and survivors' pensions. Upon retirement, your accumulated retirement savings will be converted into a retirement pension using the conversion rate applicable at that time.
Deferral with savings contributions:
Starting from January 1, 2024, you have the choice to request the deferral of your retirement pension after reaching the reference age while continuing to make savings contributions, if desired. The prerequisite for this is that you continue working for the Swisscom Group. You must opt for a deferral with savings contributions at the time you reach the reference age. In this case, your retirement assets will be credited with interest, as well as employee and employer contributions. Regardless, you will remain in the pension plan you were in prior to reaching the reference age. The continuation of the pension plan is only possible within the framework of the previous plan; changing savings plans is not allowed. You can decide at a later date to stop making contributions while still deferring the receipt of your pension (provided you remain gainfully employed). However, after deferral without savings contributions, it is not possible to request insurance with contributions again. The deferral with savings contributions increases not only the conversion rate but also your retirement assets, and consequently, your retirement and survivors' pensions. Upon retirement, your accumulated retirement savings will be converted into a retirement pension using the conversion rate applicable at that time.
Interest on deferral:
During the deferral period, your retirement assets will earn interest at the rate set by the Board of Trustees, similar to other active insured persons.
Survivors' benefits in the event of deferral:
If you choose to defer your retirement pension after the reference age, the calculation of insured death benefits will be different. From this point forward, comPlan will treat you as if you were already receiving a retirement pension. As a result, survivors' pensions are calculated based on the hypothetical retirement pension at the time of death. If you pass away during the deferral period, the orphan's pension will amount to 20% and the spouse's/life partner's pension will amount to 60% of the retirement pension to which you would be entitled if you had retired at that time.
Purchase:
If you choose to defer your retirement benefits, you still have the option of making a purchase. This takes into account the maximum possible retirement assets at age 65, minus the retirement assets available at the time of the purchase. The purchase increases your retirement assets and consequently your retirement and survivors' pensions.
Partial retirement and lump-sum withdrawal
You still have the option of receiving your retirement pension in partial steps. The frequency with which you reduce your degree of employment is up to you, with no imposed restrictions from comPlan. However, this is usually done in consultation with your employer. In contrast to the current pension regulations, starting from January 1, 2024, there will be statutory restrictions on lump-sum withdrawals. Retirement benefits can be withdrawn in a maximum of three partial retirement steps.
AHV bridging pension (provision applies to women only)
If you are entitled to an AHV bridging pension before January 1, 2024, it will be based on the existing regulations, valid until December 31, 2023. If comPlan currently pays you an AHV bridging pension and you were born in 1961, 1962, or 1963, we will personally inform you about the new regulations.
AHV bridging pensions in connection with retirement from January 1, 2024, will be provided to women born in 1961, 1962, and 1963 until the new AHV reference age, as follows:
Born in 1961 until age 64/3 months
Born in 1962 until age 64/6 months
Born in 1963 until age 64/9 months
We will implement the technical changes as soon as possible.
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