Page 3 - Information Caisse des pensions mars 2019 GB

PERFORMANCE AND INTEREST RATES IN 2018
2018 started with a major return to volatility on the financial markets, with an important correction to
the share market. Global political tensions added to the instability for investors.
Against this backdrop, the Fund showed net performance of -3.65% in 2018 and its coverage rate went down from 106.4% as at 1st January 2018 to an estimated 101.2% as at 31st December 2018.
The cautious policy relating to interest distribution in the preceding years enabled the Pension Fund Board to allocate interest of 0.5% to the accounts of active members on 31.12.2018.
Conversion rates will gradually decrease over 3 years starting on 1st January 2021
Notes:
The conversion rate for the year of retirement is what determines and secures the level of your pension.
Please note that members retiring at 58 can opt to take all of their pension as a lump-sum, or part of it as an annuity and part of it as a lump-sum, or only an annuity.
You can obtain your statement, and carry out various simulations on the Pension Fund website http://web.firmenich.com
Females (aged 64)
Males (aged 65)
6.25 6.25
6.20 6.20
2019 2020
6.09 6.04
5.97 5.87
* New rate
5.86 5.71
2023*
2021*
2022*
NEW REGULATORY PROVISIONS
The Pension fund regulations have changed to include the new divorce law provisions (article 42) and adapt the options for the allocation of the lump-sum payable at death for unmarried members in the event of death (articles 39-40 of the regulations).
It is available on the website and the Pension Fund’s Wave page.
FROM
01/01 2018
+0,5% INTEREST FOR 2018