News from the Board of Trustees

21.09.2018

General Electric Switzerland Pension Fund (PF) / Supplementary Insurance Plan (SIP): News from the Board of Trustees, 14 September 2018

Changes on the Board of Trustees
Jerome Harden was elected as new employee representative. Thus, the Board is complete again.

Current performance
In August, the PF generated a return on investments of -0.35%, the SIP generated -0.21%. The accumulated results from January to August 2018 amount to -0.04% for the PF and 0.33% for the SIP.

Conclusion of partial liquidation
By letters of 8 and 14 September 2017 you were informed of the partial liquidation of the PF and SIP.
As we have received the confirmation by the supervisory authority BVSA BVG- und Stiftungsaufsicht Aargau in the meantime, we can inform you about the conclusion of the process. The partial liquidation had no effect on remaining active members and pensioners or on departed members.

Improvement of current website by adding an online portal
In the coming months, the website of the PF and SIP as you know it will be extended by adding an online portal. After logging in, you have access to a personalised area where you will find a lot of information and data on your personal pension situation and where you can simulate individual business cases and retrieve documents. We plan for the online portal to be available in the first quarter of 2019. You will be informed in due course about how to access it.

Realignment of the SIP / Road shows
The Board of Trustees of the SIP has decided to convert the current SIP into a 1e foundation. 1e plans allow members to invest part of their pension plan capital in a more flexible or personalised way in the 2nd pillar.  

We will inform members of the SIP about the planned changes at our road shows.

The events will take place in Baden (meeting rooms K) on the following dates:

DateTimeLanguage
Tue, 2 october 201809.00 a.m.–11.00 a.m.German
Tue, 2 october 201813.00 p.m.–15.00 p.m.English
Tue, 9 october 201809.00 a.m.–11.00 a.m.German

The next meetings of the Board of Trustees will take place on 16 November 2018.