Annual financial statements 2024: The most important facts in brief

Thanks to TRANSPARENTA's individual coverage model, 100% of the extremely positive annual result flows to around 180 separate pension funds — and thus to 6,600 insured persons.

This full profit-sharing scheme finances the interest on retirement assets, pensions and the expansion of reserves.

An overview of the most important facts about the 2024 financial statements:

• Total assets rose to CHF 1.62 billion (previous year: 1.49 billion).
• Pension capital amounts to CHF 1.38 billion (previous year: 1.34 billion)
• The consolidated coverage ratio across all pension funds rises to 112.5% (previous year: 106.7%).
  • There is no pension fund in shortfall.
  • 95% of pension funds have a coverage ratio of over 105%.
  • Around a quarter of pension capital belongs to pension funds whose coverage ratio exceeds 115%. They have thus achieved the regulatory target value fluctuation reserve of 15% of pension capital and have free funds.
• Each pension fund finances the Interest on retirement savings yourself. The effective interest rate depends on the financial situation and the chosen pension model.
  • On average across all pension funds, interest on retirement assets was 2.15% in 2024.
  • In each case, the surplus flowed entirely into pension fund reserves or into technical provisions.
• The pension pool closed with an income surplus of just over 5%. This result was distributed proportionally to pension funds with pensioners (closing out the pension pool). This includes:
  • As a profit-sharing scheme, all pension recipients whose pension began on 01.01.2023 or earlier received half a month's pension, up to a maximum of CHF 1,500, in February 2025.
  • The technical interest rate for calculating the coverage of pension recipients in active connections was reduced from 2.25% to 2.00%.
• The technical interest rate for pensioners is around 1.7% on a capital-weighted average and taking into account corresponding provisions (previous year: 2.25%).
  • TRANSPARENTA revaluates the pension capital of “pensioners without employers” (RoA) at generational tables and risk-free interest (as of 31.12.2024:0.75%). This significantly strengthens financing security, even though the RoA's capital share of 3.6% of the balance sheet total can be considered minor.
  • A large pension fund accounts for a provision for reducing the technical interest rate to 1.00% for its pensioners.

The auditors of Ernst & Young have largely completed their audit of the annual financial statements. The Board of Trustees will approve the 2024 Annual Report at its meeting at the beginning of May.

As usual, the affiliated pension funds will receive their individual financial statements in mid-May. The final 2024 Annual Report will be published at the same time.