Post pension fund
| Post pension fund | |
|---|---|
| legal form | Community foundation |
| founding | January 1, 2002 |
| Seat | Bern , Switzerland |
| management | Françoise Bruderer Thom (Managing Director) Nathalie Kunz (President of the Board of Trustees) |
| Number of employees | approx 45 |
| Branch | Pension funds |
| Website | www.pkpost.ch |
The Post Pension Fund was created in the course of the PTT reform in Switzerland at the end of the 1990s.
history
As in several cantons and large municipalities, the occupational pension scheme for public sector employees was also geared towards the changed conditions of employment at the federal level after the civil servant status was abolished. The post as an independent federal agency and its staff were directly affected.
In the spring of 1999, the Board of Directors of Swiss Post dealt for the first time with the subject of future occupational benefits for postal staff. As a result, a concept was developed to set up your own pension fund in the legal form of a foundation.
The implementation of the concept led to the start of operational activities of the Post Pension Fund Foundation on January 1, 2002. The Post employees from the occupational pension scheme for special employment relationships (BVBD) and the insured persons of the Federal Pension Fund (PKB) were taken over by the Pension Fund Post. Together with the actively insured, the Swiss Post pension fund - as a novelty - also took on pensioners from Swiss Post; this in order to underpin the employer's bond with the former "postmen".
As of January 1, 2008, the pension fund successfully transferred all defined benefit and defined contribution plans of the actively insured persons to the dual plan.
A modular pension solution was developed on this basis two years later. The pension fund regulations have been completely revised and now contain the basic provisions that apply to all insured persons. The pension benefits and their financing were differentiated and newly regulated in two basic and two additional plans.
On August 1, 2013, January 1, 2016 and January 1, 2018, there was a change in the fundamentals of the actuarial parameters. The technical interest rate was reduced, resulting in a lowering of the conversion rates. The calculated losses on the future pensions of the actively insured were cushioned - provided the regulatory conditions were met - by means of compensation on the individual savings capital.
The Post Pension Fund today
The Pension Fund Post is a private joint foundation based in Bern. It takes over the occupational pension for the employees - as well as their relatives and survivors - of the Swiss Post Ltd and its related companies. The Swiss Post pension fund employs almost 45 people.
The pension fund insures the more than 39,500 employees of Swiss Post Ltd and its related companies. The main activities for the actively insured are in particular the high-quality management of the individual insured dossiers and the efficient handling of a wide variety of business transactions.
For the more than 30,000 pension recipients, the correct and timely monthly provision of pension benefits has top priority. The active insured and pension recipients are comprehensively cared for by the "occupational pension" division with around 25 employees.
The "Asset Management" division, with 6 proven investment specialists, is responsible for the optimal and risk-adjusted investment of the insured's assets of over CHF 16 billion.
Support functions with competent specialists are available to the Swiss Post Pension Fund in the areas of “Finance” and “Organization & IT”.
The principles of efficiency and the highest possible quality apply in all areas. A far-reaching internal control system (ICS) goes beyond the standards required for pension funds and ensures error-free business processing and documentation.
organs
Board of Trustees: The Board of Trustees is the highest body of the Swiss Post pension fund. It is composed on an equal footing (same number of employee and employer representatives) and consists of ten members. The employer representatives are elected by the Executive Committee of Swiss Post AG; Employee representation has so far been determined by the "transfair" staff association and the "syndicom" union. For the term of office of the Board of Trustees from January 1, 2018 to December 31, 2021, the employee representatives were elected for the first time in autumn 2017 by means of grassroots democratic elections by all actively insured persons.
The Board of Trustees is responsible for the overall management and strategic orientation of the Swiss Post Pension Fund. Its non-transferable and inalienable tasks are regulated by law (Art. 51a BVG).
Investment Committee: The Investment Committee is a specialist committee of the Board of Trustees. The main tasks of the investment committee are to develop, implement and periodically review the investment strategy. The investment strategy is approved by the Board of Trustees. The investment committee is composed equally.
Supervisory authority
The pension fund is subject to direct supervision by the Bernese BVG and Foundation Supervision (BBSA). The supervisory authority monitors compliance with the statutory provisions by the Swiss Post Pension Fund, its auditors and its experts for occupational pensions and the appropriate use of pension assets. The BBSA examines the pension regulations and plans for compliance with the law. It takes note of the annual report as well as the reports of the auditors and the occupational pension experts.