Your pension fund certificate in a nutshell

Are there any gaps in your pension provision? How much are your retirement assets? What benefits can you expect from the pension fund? And what about the situation in the event of  disability or  early retirement? The pension fund certificate answers all these questions.

What is a pension fund certificate?

The pension fund certificate or pension certificate is a personal document issued to you either by your employer or directly by your pension fund. If you don’t want to download it online, you can order the pension fund certificate. The pension certificate shows you the amount you can expect to receive on retirement (retirement assets). Here you can also see what pension you can expect at a later date. The certificate also contains information about your annual contributions to the pension fund or how your family are protected. All in all, the pension fund certificate gives you a comprehensive overview of your pension provision.

Key points at a glance

You should always take note of the following details: 

• Annual salary and insured salary: your annual salary is reported by your employer and corresponds to the OASI gross salary on your salary slip. The pensionable salary is calculated by deducting a certain amount (the coordination deduction) from the annual salary.
  
• Growth of retirement assets: every month, your employer pays a percentage of your salary into the pension fund in order to build up your pension. Retirement assets are the amount you have saved up to a certain point in time. The growth of your retirement assets informs you about changes such as further premium payments, interest, etc. during the past year.
• Retirement capital/retirement pension: your provisional retirement capital for the occupational benefits plan and the corresponding annual retirement pension are projected using an interest rate. This is an estimate by experts of how much interest can be expected in future. This means that it is not the definitive pension, but a provisional calculation of your future pension.
• Benefits in the event of disability and death: the maximum annual benefit you can expect in the event of disability or death.
• Potential purchase: you can buy into the pension fund up to a certain amount in order to close any gaps. This will also improve your benefits in the event of disability or death. Purchasing benefits for early retirement is possible only once the possibilities of purchasing contribution years have been exhausted.