(Early) retirement

You are entitled to retirement benefits when your employment contract is terminated at the earliest when you reach the age of 60 and at the latest when you reach statutory retirement age (65 for men and women).

Retirement benefits


The existing retirement assets are converted into a lifelong pension according to the conversion ratio applicable for your age at the time of retirement.

Lump sum payment

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.

Survivor’s pension

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.

Savings assets

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.

Child pension

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.

Further information

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.


Regulations of Novartis Pension Fund 1 (Art. 18ff)
Regulations of Novartis Pension Fund 2 (Art. 15ff)
Regulations of Novartis Management Pension Fund (Art. 18ff)



What is the regular retirement age as defined in the regulations?

65 years for men and women.

From which age is an early retirement possible?

From the age of 60. The retirement assets at the time of early retirement are converted to a lifelong retirement pension using the corresponding (reduced) conversion rate.

May I resign before the age of 60 and still retire with a pension from the age of 60?

No. The earliest age you may receive a pension is when the contract is terminated at the age of 60.

Could I take the lump sum instead of a retirement pension in Novartis Pension Fund 1?

It is possible to take a lump sum amounting to no more than 50% of the retirement pension – with a lifelong reduction of the retirement pension (married insured persons require the officially notarized approval of the spouse / registered partner).

Can I take a pension instead of the lump sum payment from Novartis Pension Fund 2?

No. Novartis Pension Fund 2 provides cover exclusively for lump sum payments (in the event of retirement, death and disability).

How are the savings paid out upon retirement?

You can choose between the following payment options:

  • 100% lump sum payment at the time of the first pension payment
  • 100% conversion into a fixed-term bridging pension until you reach the statutory (AHV/AVS) age of retirement
  • Combination of the other two options.

Please note that the bridging pension must not exceed the amount of the maximum state pension. Any savings that exceed this mark are paid out with the retirement lump sum. If the savings are not sufficient for the maximum bridging pension, additional retirement assets may be withdrawn, but this then reduces the lifelong retirement pension.

Will the Novartis Pension Funds provide a calculation of my retirement benefits for me in advance?

A calculation of the likely retirement benefits can be requested from your contact person with the Novartis Pension Funds.

By when do I have to inform the Novartis Pension Funds of my decision?

It is sufficient if you inform us of your decision in writing up to 3 months before retirement.

Am I entitled to a bridging pension if I take early retirement?

You may opt to receive the assets available at the time of your retirement as a one-off lump sum or as a temporary bridging pension until you reach the statutory (AHV/AVS) retirement age and thus optimally accommodate your needs.

How large is the bridging pension?

The level of the bridging pension depends on retirement age, gender and the level of the assets accumulated up to the time of early retirement. The bridging pension must not exceed the maximum single state pension (AHV/AVS) applicable in each case.

What happens to any assets that exceeds the mark?

Any part of the assets not used will be paid out as a lump sum.

When will my pension be transferred to my account?

The pension will be transferred twelve times a year, on the 25th of each month. Any lump sum due will be paid out within the first 30 days of the entitlement to the benefit taking effect.

Can I have my pension transferred to more than one account?

No. Novartis Pension Fund 1 transfers your retirement pension every month to your personal staff current account with Novartis AG. Here you can then make your own transfer arrangements.

May my pension be transferred abroad?

Yes. But you would be well advised to select a well-known and reputable banking institution. For the transfer we need the exact address of the bank with account number, the corresponding IBAN and the BIC code.

My son has interrupted his education and is now at recruit school, after which he will resume his education. Will the child pension continue to be paid as before?

No, the child pension is suspended for the time spent in recruit school. As soon as your son then starts his studies, send us the relevant confirmation and we will reimburse you retrospectively for the cancelled child pension benefits.