In June 2022, the Schweizer KMU Pensionskasse informed the pension fund commissions about the 2021 annual financial statements and the adjustment of the conversion rate as of 2023.

Thanks to a strong year on the stock market and a sustainable investment strategy, a high return was achieved in 2021. Based on this, an interest rate of 3% could be passed on to the insured persons – which corresponds to 2% above the minimum interest rate.
The most important figures for the annual financial statement are listed for you under “Key figures”. The comprehensive annual report with the detailed annual financial statement as well as further documents are available under “Downloads”.

Information was also provided on the adjustment of the conversion rate from 2023: The Board of Trustees has decided to gradually reduce the conversion rate to 5.20% as of 01.01.2023, thus taking into account the development of life expectancy and the interest rate development on the capital markets. This is also intended to reduce a disproportionate redistribution of the pension fund’s income from the active insured to the pensioners in the future.
A detailed table with the conversion rates valid from 01.01.2023 can be found under “Downloads”.