Admission

Associates with a Swiss employment contract must be insured with the Novartis Pension Funds subject to the following conditions:

  • indefinite period of contract or
  • a fixed-term contract of more than three months and
  • an annual base salary of at least CHF 21'150

From the age of 17 years, you are insured against the financial consequences of disability or death. From the age of 25, insurance cover begins for retirement benefits and the establishment of the necessary pension capital.

In the month when you join the company, you will receive a letter with a pension statement that will show your insured benefits. Any vested benefits from previous pension schemes will be confirmed separately after receipt.

Novartis Pension Fund 1

Novartis Pension Fund 1 insures your entire income up to a value of CHF 150,000 per annum. The savings process for retirement benefits here is built up as a defined contributions plan. The level of contributions depends on your age. The standard contributions of employer and insured member are financed in the ratio 2:1. However, the insured member has the option of raising or lowering the employee’s contribution by 2% at any time.

From the age of 40, a savings plan will also be established from which a temporary bridging pension will be paid until the statutory (AHV) age of retirement in the event of early retirement or from which the assets can be withdrawn in the form of a lump sum.

Benefits are paid out in the form of pensions and/or a lump sum.

Novartis Pension Fund 2

Novartis Pension Fund 2 insures components of pay above CHF 150,000 per annum. The savings process for retirement benefits here is built up as a defined contributions plan. For the investment of individual assets you have four investment strategies to choose from.

The level of contributions depends on your age. The standard contributions of employer and insured member are financed in the ratio 2:1. However, the insured member has the option of raising or lowering the employee’s contribution by 2% at any time.

Benefits are paid out exclusively in the form of a lump sum.