News from the Board of Trustees

04-20-2015

ALSTOM Switzerland Pension Fund (PF) / Supplementary Insurance Plan (SIP): News from the Board of Trustees, 9 April 2015

Current performance
In March 2015, the funds generated a slightly positive return on investments (PF = 0.37%; SIP = 0.41%). The accumulated results of the first quarter 2015 amount to 1.92% in the PF and 1.91% in the SIP.

Approval of the annual accounts
The Board of Trustees has approved the annual accounts 2014. At 8.69%, the PF reported a very good result. In comparison, the average result achieved by Swiss pension funds pursuant to the ASIP comparative performance assessment was 7.9%. The coverage ratio increased to 119.3% (previous year: 114.3%). The SIP recorded a performance of 8.58% and increased its coverage ratio to 115.2% (previous year: 110.6%).

Appointment of auditor
Once again, PricewaterhouseCoopers AG was confirmed as auditor for financial year 2015.

Appointment of expert
The previous expert, Dr. Olivier Kern of Pittet Associates AG, was re-appointed for financial year 2015.

Information events 2015
Further information regarding the Pension Fund will be provided at the information events.

The events will take place at 4.00 p.m. on the following dates:

Date

Town

Room

Language

Tue, 12 May 2015

Baden

Konnex K1 + 2

German

Mo, 18 May 2015

Baden

Konnex K1 + 2

German

Thu, 21 May 2015

Birr

Vindonissa

German

Thu, 28 May 2015

Baden

Konnex K1 + 2

English

The date for the information event in Neuhausen will be announced at a later point in time.

The next meeting of the Board of Trustees will take place on 11 June 2015.