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General Electric Switzerland pension schemes

Retirememt pension plans with a vision

The General Electric Switzerland pension schemes are among the most progressive of their kind in Switzerland. Their pension benefits far exceed the statutory minimum solution.

In Switzerland, the General Electric Switzerland pension schemes protect General Electric employees and their families against the financial effects of death and disability and safeguard their standard of living in old age. The schemes look after approx. 3,800 employees and pensioners at General Electric (Switzerland) Ltd.

The General Electric Switzerland pension schemes consist of two foundations: the General Electric Switzerland Pension Fund (PF) and the  Switzerland Supplementary Insurance Plan (SIP). Your salary decides which foundation is responsible for you. Both General Electric Switzerland pension schemes apply the defined contribution principle.

Advantages of the General Electric Switzerland pension schemes

• Choice of three different contributions tables
• Flexible retirement
• Choice between pension and lump-sum payment (PF)
• Option of increasing partner’s pension

Insured salary components at the General Electric PF and SIP

The insured salary is consistent with the monthly salary multiplied by 13 less the coordination deduction (CHF 24,885).

The maximum annual salary insured by the General Electric Switzerland Pension Fund amounts to CHF 103,095 (maximum gross salary of CHF 127,980 less the coordination deduction of CHF 24,885). The salary component in excess of this amount is insured by the General Electric Switzerland Supplementary Insurance Plan. Annual salaries below CHF 3,555 are covered by AHV. Salary components in excess of CHF 240,000 are additionally insured via the Top Management Plan.