Retirement benefits

Pension payments

The pensions are calculated as annual pensions. They are paid out to those entitled to pensions in 12 instalments, rounded to whole francs, at the end of each month. The payments are made by post-office or bank transfer to the paying office in Switzerland designated by the beneficiary. At the request and risk of the beneficiary payments may also be made abroad.

For the month in which entitlement to pensions ceases, the full pension instalment is paid.