Current course of business

After an above-average investment year in 2023, 2024 was subdued in comparison to the market. This was due to the focus on Swiss equities and the overweighting of small and mid-cap stocks. Nevertheless, a coverage ratio of over 100% was achieved.

Current situation

As of the end of May 2025, the Swiss SME Pension Fund is once again clearly outperforming other pension funds.
The preliminary performance as of May 31, 2025, stands at a strong 4.4%. This is the result of consistently adhering to the investment strategy, with an overweight in Swiss equities as well as small and mid-cap stocks.

At a glance

	2024	2023	2022	2021
Active insured persons	1’486	1’477	1‘457	438
Pensioners	260	244	231	142
Affiliated companies	53	49	50	29
Funded status	100.2%	98.5%	93.4%	110.4%
Performance	3.2%	6.1%	-11.0%	16.3%
Interest on retirement savings capital	1.25% (all-inclusive)	1.0% (all-inclusive)	1.0% (part LOB)	3.0% (all-inclusive)
Technical interest / base	2.0% / generation table	2.0% / generation table	2.0% / generation table	1.5% / generation table
Balance sheet total	278.5 Mio	265.4 Mio	244.8 Mio	93.3 Mio
Ratio of actives to pensioners	5.65	6.30	6.50	3.05

Conversion rate

Gradual reduction until 2028; from 2028 5.20%
Year of retirement	2024	2025	2026	2027	2028	2029	2030
Age 65	5.60%	5.50%	5.40%	5.30%	5.20%	5.20%	5.20%