Questions on the effects on the conversion rate

According to the Occupational Pensions Act (Bundesgesetz über die berufliche Vorsorge, BVG), a conversion rate of 6.8% applies.

Why is the Schindler Pension Fund only paying 5.2% for someone born in 1953, for example?

The pension benefits paid by the Schindler Pension Fund are far higher than those required by law. For example, the savings contributions for our Pension Fund are more than twice as much as those laid down in the Occupational Pensions Act. All in all, the Pension Fund thus comfortably complies with the minimum legal requirements.

Is the conversion rate the same for men and women?

The Schindler Pension Fund does not distinguish between the sexes when calculating pension benefits.

Why is the Schindler Pension Fund applying conversion rates based on year of birth?

Statistical life expectancy is a major factor in the conversion rate. Applying lower conversion rates to younger people takes into account the further increase in life expectancy in the future.

How long will the new conversion rates apply?

The Pension Fund reviews its actuarial basis from time to time. In the past, conversion rates have been adjusted approximately every five years. However, future life expectancy is already factored in to the new conversion rates, and this may reduce the frequency with which adjustments are made.


Schindler Pension Fund
Zugerstrasse 13
6030 Ebikon

T. +41 41 445 3139
T. +41 41 445 3012