As a rule, based on the law and the provisions laid down in the regulations of Novartis Pension Funds you are entitled to disability benefits if you are at least 40% incapacitated. The decision of the Federal Disability Insurance (IV) is the defining criterion for the recognition of disability and the definition of the degree of disability.
The existing retirement assets are converted into a lifelong pension according to the conversion ratio applicable for your age at the time of retirement.
The retirement pension may be paid out up to a maximum of 50% in the form of a retirement lump sum. In the case of married insured members and registered partners, written and officially authenticates consent of the spouse / partner is also required.
You also have the option of increasing the spouse’s pension from 60 to 100% of the current retirement pension with effect from the time of pension payment. To finance this improved spouse’s pension (or survivor’s pension), your immediate retirement pension is reduced for life.
The savings assets available at the time of your retirement may be paid out optionally as a one-off lump sum or as a temporary bridging pension until you reach statutory (AHV) retirement age.
The child pension amounts to 20% of the retirement pension and is paid out until the age of 20 or, for children in education, until the age of 25 at the latest.
We shall inform you about the various possible arrangements and options in due course. Please let us know your decision not later than three months before retirement using the relevant form.
You can approach us at any time and request an individual, non-binding calculation in advance of the retirement benefits you can expect.