Transparent & flexible
Every company is unique. As an independent collective foundation, we therefore offer secure and innovative tailor-made pension solutions.
For you as a customer, this means:
- Each affiliated company forms a separate pension fund with its own reserve pot. This prevents the unintentional dilution of profits with other affiliated pension funds - as with your own corporate pension fund.
- TRANSPARENTA fairly and completely distributes the annual profit of the joint investment and other surpluses to pension funds.
- There is no hidden cross-subsidization between individual pension funds — there is full transparency in all aspects.
- The insurance risks are full and inexpensively covered by the Foundation's congruent reinsurance.
“When founded in 2004, the TRANSPARENTA model received the Swiss Insurance Industry Innovation Prize.”
Other benefits of the TRANSPARENTA model:
Customised pension plans
Numerous planning options and progressive provisions in general regulations provide flexible and needs-oriented solutions for employee benefits for companies with 10 or more employees.
Beneficial participation
Each pension commission has extensive participation rights, in particular in the election of Conversion rate model or the Setting the interest rate for retirement savings. This is because each pension fund finances its interest rate itself using the individual coverage model. This with the income that it receives as a percentage of TRANSPARENTA's annual results.
Collective pension pool
All pension recipients are listed together in the Foundation's pension pool. Pension funds with pensioners thus benefit from the “law of large numbers” and the sharing of risks. With each annual financial statement, the pool result (closing out) is distributed proportionally to connections with pensioners. This model is also very attractive for young companies: As long as no pensions have been accrued, they do not bear any pensioner risks.
“TRANSPARENTA's generally applicable services are far above the minimum legal requirements.”
With TRANSPARENTA's comprehensive services, we go far beyond legal requirements.
Our insured persons benefit from maximum flexibility, individual insurance and attractive additional benefits that are perfectly tailored to their needs.
For our insured persons, this means:
- Individual benefits for partners or other survivors possible
- Refund of voluntary purchases insured automatically and free of charge in the event of death
- Spousal orphan's pension insured free of charge (pension for own children if spouse dies)
- Full accident coverage insured with survivors' benefits
- Maximum purchasing potential thanks to the highest possible purchase interest rate (standard 2.00%)
- Increased purchasing potential thanks to a flat 5% surcharge for early retirement purchases
- Phased old-age pension with up to three pension parts can be selected for more flexibility and guarantees in the event of death
- One-time death benefit of up to 60 months' pensions insured when receiving an old-age pension
- Higher qualifying spousal pension of 80 or 100% can be selected when receiving the old-age pension (standard 60%)
TRANSPARENTA offers conversion rate selection options
TRANSPARENTA offers affiliated pension funds two different pension models for converting retirement assets into life-long pensions.
Thanks to this selection option, each pension commission decides individually which model offers the best price-performance ratio for its insured persons — in line with their own needs and preferences.
Insured persons benefit from a higher conversion rate when withdrawing pensions; in return, there is a surcharge on risk contributions to finance retirement losses and a lower return share for their own pension fund.
The conversion rate calculated using the latest insurance principles is 5.25%. Because a higher conversion rate is applied to mandatory retirement assets (BVG share) (see table), retirement losses occur in each case. These are financed in solidarity by all pension funds in the S model from a combination of a surcharge on the collected risk contributions and a deduction in the annual distribution of the foundation's income.
The table shows the conversion rates for pensions in the specified calendar year (including retirements as of December 31) in which an insured person reaches the normal reference age.
Insured persons benefit from lower risk contributions and a higher return share (can be used for higher interest rates) for their own pension fund thanks to the elimination of retirement losses; in return, a lower conversion rate is applied when withdrawing a pension.
At the reference age 65, the uniform conversion rate of 5.25%, which converts the entire retirement savings into a lifetime pension. It is safely guaranteed for retirements until the end of 2028.
Because this rate corresponds to the actuarially correct or neutral value, there are no longer any retirement losses that have to be financed through cross-subsidization. As a result, the annual interest rate on retirement capital can be improved (on average 0.5% per year). The savings in risk premiums can be used for higher savings contributions, which leads to higher retirement assets upon retirement.
A comparison of our pension models
The following table shows the key differences between TRANSPARENTA's two pension models. Choose the model that best suits the needs of your company and employees.
ENVELOPING
SPLIT
The planned benefit target (calculated using the golden rule) should be at least 30% above the statutory minimum benefit at the reference age 65.
Pension plans with savings insurance close to or equal to the BVG minimum are still possible.
Calculation is comprehensive, i.e. the entire retirement savings are converted into a lifetime pension at a single conversion rate.
Calculation is split, i.e. retirement capital is divided into compulsory (BVG) and supercompulsory and is each retired at a separate conversion rate.
Enveloping: 5.25%
Mandatory (BVG): 6.00% *
Supermandatory: 5.25% *
* Values from 2028, until then there is a phased transitional arrangement
The statutory minimum pension of 6.8% of the mandatory retirement savings is guaranteed.
The statutory minimum pension of 6.8% of the mandatory retirement savings is guaranteed.
Each pension fund makes individual provisions for BVG guarantee costs if the statutory minimum benefit is higher than the regulatory retirement pension in individual cases.
The calculation takes into account all insured persons aged 58 and over.
A solidarity-financed provision is created for insured persons in the S model at foundation level.
To this end, the foundation charges a fixed supplement defined per company on the risk contribution for insured persons aged 30 and over, amounting to between 0.45% and 0.90% of the insured savings wage.
The remaining financing requirement is deducted when the annual result is distributed.
“Benefit from attractive benefits and a cooperative partnership.”
Holistic care management for win-win situations
Founded and managed by pension fund experts
Our references
