Sums applicable for the present year

Pension Funds Novartis 1

Minimum salary according to Article 2 BVG
(Article 2 Paragraph 1 and Art. 7 Paragraph 3)
CHF 21'510[1]
Maximum AHV pension
(Article 4 Paragraph 7)
CHF 28'680
Minimum AHV pension
(Article 17 Paragraph 2)
CHF 14'340
Maximum coordinating offset
(Article 4 Paragraph 7)
CHF 25'095
Maximum insured remuneration under the retirement plan
(Article 4 Paragraph 1)
CHF 124'095
Maximum allowable annual base salary for determining the insured remuneration under the savings plan
(Article 4 Paragraph 2)
CHF 220'000
Maximum allowable annual base salary for determining the insured remuneration under the risk plan
(Article 4 Paragraph 3)
CHF 220'000
Interest on retirement assets
(Article 5 Paragraph 3)
is set by the Board of Trustees
Interest on savings assets
(Article 6 Paragraph 3)
is set by the Board of Trustees
Minimum interest rate according to BVG
(Article 18 Paragraph 4)
1.00%
Interest on arrears
(Article 18 Paragraph 4)
2.00%

If there is no entitlement to a disability pension from the IV. If there is entitlement to a quarter pension from the IV, the minimum salary is CHF 16,133 (75% of 21,510). If there is entitlement to a half pension from the IV, the minimum salary is CHF 10,755 (50% of 21,510). If there is entitlement to a three-quarter pension from the IV, the minimum salary is CHF 5,378 (25% of 21,510).

Pension Funds Novartis 2

Entry threshold
(Article 4 Paragraph 5)
CHF 150'000
Maximum allowable annual base salary for determining the insured remuneration
(Article 4 Paragraph 1)
CHF 220'000
Minimum interest rate according to BVG
(Article 15 Paragraph 4)
1.00%
Interest on arrears
(Article 15 Paragraph 4)
2.00%