Transparent & flexible
Every company is unique. As an independent collective foundation, we therefore offer secure and innovative tailor-made pension solutions.
For you as a customer, this means:
- All income and surpluses flow in full to pension funds — just like a company-owned pension fund.
- Each pension fund has its own coverage ratio — and therefore receives an individual annual financial statement.
- There are no hidden cross-subsidies between pension funds — there is full transparency!
- Insurance risks are covered cost-effectively by collective risk insurance — as with a joint foundation.
“When founded in 2004, the TRANSPARENTA model received the Swiss Insurance Industry Innovation Prize.”
Other benefits of the TRANSPARENTA model:
Customised pension plans
Numerous planning options and progressive provisions in general regulations provide flexible and needs-oriented solutions for employee benefits for companies with 10 or more employees.
Beneficial participation
Each pension commission has extensive participation rights, in particular in the election of Conversion rate model or the Setting the interest rate for retirement savings. This is because each pension fund finances its interest rate itself using the individual coverage model. This with the income that it receives as a percentage of TRANSPARENTA's annual results.
Collective pension pool
All pension recipients are listed together in the Foundation's pension pool. Pension funds with pensioners thus benefit from the “law of large numbers” and the sharing of risks. With each annual financial statement, the pool result (closing out) is distributed proportionally to connections with pensioners. This model is also very attractive for young companies: As long as no pensions have been accrued, they do not bear any pensioner risks.
“TRANSPARENTA's generally applicable services are far above the minimum legal requirements.”
With TRANSPARENTA's comprehensive services, we go far beyond legal requirements.
Our insured persons benefit from maximum flexibility, individual insurance and attractive additional benefits that are perfectly tailored to their needs.
For our insured persons, this means:
- Individual benefits for partners or other survivors possible
- Refund of voluntary purchases insured free of charge in the event of death
- Spousal orphan's pension insured free of charge (pension for own children if spouse dies)
- Full accident coverage insured with survivors' benefits
- Maximum purchasing potential thanks to the highest possible purchase interest rate (standard 2.00%)
- Increased purchasing potential thanks to a flat 5% surcharge for early retirement purchases
- Phased old-age pension with up to three pension parts can be selected for more flexibility and guarantees in the event of death
- One-time death benefit of up to 60 months' pensions insured when receiving an old-age pension
- Higher qualifying spousal pension of 80 or 100% can be selected when receiving the old-age pension (standard 60%)
TRANSPARENTA offers conversion rate selection options
TRANSPARENTA offers affiliated pension funds two different pension models for converting retirement assets into life-long pensions.
Thanks to this selection option, each pension commission decides individually which model offers the best price-performance ratio for its insured persons — in line with their own needs and preferences.
Insured persons benefit from a higher conversion rate when withdrawing pensions; in return, there is a surcharge on risk contributions to finance retirement losses and a lower return share for their own pension fund.
The conversion rate calculated using the latest insurance principles is 5.25%. Because a higher conversion rate is applied to the mandatory BVG portion (see table), retirement losses are incurred in each case. These are financed in solidarity by all pension funds in the S model from a combination of a surcharge on the collected risk contributions and a deduction in the annual distribution of the foundation's income.
The table shows the conversion rates for pensions in the specified calendar year (including retirements as of December 31) in which an insured person reaches the normal reference age.
Insured persons benefit from lower risk contributions and a higher return share for their own pension fund thanks to the elimination of retirement losses; in return, a lower conversion rate is applied when withdrawing a pension.
Applying the uniform conversion rate for all retirement assets at an actuarially correct amount of 5.25% at the reference age will no longer result in retirement losses. This figure will certainly remain the same for retirements until the end of 2028.
Applying the actuarially correct conversion rate does not result in retirement losses that must be financed through cross-subsidization. As a result, the annual interest rate on retirement capital can be improved. The savings in risk premiums can be used for higher savings contributions.
A comparison of our pension models
The following comparison shows the most important differences between TRANSPARENTA's two pension models. Choose the model that best suits the requirements of your company and your employees.
The model performance target (with golden rule) of the pension plan must be at least 30% above the statutory minimum benefit
Share of supercompulsory retirement savings at least 25% from age 55
Pension plans close to or equal to the BVG minimum
Still possible
Calculation is comprehensive, i.e. the entire retirement capital is retired at just one conversion rate. The legal minimum pension remains guaranteed
Calculation is split, i.e. retirement capital is divided into compulsory (BVG) and supercompulsory and is retired at a separate conversion rate
Enveloping: 5.25%
Mandatory (BVG): 6.0% from 2028; supermandatory: 5.25% (the statutory minimum pension of 6.8% of the mandatory retirement savings is guaranteed)
Calculation is comprehensive, i.e. the entire retirement capital is retired at just one conversion rate. The legal minimum pension remains guaranteed
Calculation is split, i.e. retirement capital is divided into compulsory (BVG) and supercompulsory and is retired at a separate conversion rate
Each pension fund sets individual provisions for warranty costs if the statutory minimum benefit is higher than the regulatory old-age pension in individual cases
Calculation takes into account all insured persons aged 58 and over
Foundation charges a fixed supplement on the risk contribution for insured persons aged 30 and over (at least 0.45% to max. 0.90% of the insured savings wage). Calculation is made for each pension fund based on the effective inventory
The Foundation's effective reserve requirement (after offsetting the total income from the surcharge against risk contributions) is deducted when the investment result is distributed. Deduction is made in proportion to the average retirement assets of pension funds
“Benefit from attractive benefits and a cooperative partnership.”
Holistic care management for win-win situations
Founded and managed by pension fund experts
Our references
