The Novartis Pension Fund 1 with more than 31 000 insured members and retirees and assets worth 12.7 billion francs is one of the largest autonomous pension organizations in Switzerland. It has now been joined by the new Novartis Pension Fund 2 with assets of CHF 453.9 million.
In 2010, the Board of Trustees had decided to change from a defined benefits plan to a defined contributions plan. Its aim is to provide a sustainably financed and transparent pension scheme for all Swiss-based Novartis associates that fits the purpose and ensures optimum flexibility. The plan change took place on January 1, 2011, and required that the Novartis Pension Fund be split into two legal entities, namely Novartis Pension Fund 1 and Novartis Pension Fund 2.
As shown in the recently published Annual Reports for 2013, the Novartis Pension Funds are in a good shape to meet the challenges of the future.
Download annual report 2013
<link fileadmin global buchhaltung jahresberichte pk1 pk_jab2013_novartislive_4-5-2014_e.pdf download-pdf download>Addendum Novartis Live