Payment of pensions
Pension benefits are paid into the account of beneficiaries at the end of each month, in Swiss francs, according to the bank instructions provided. Payments may be made to a bank in Switzerland or abroad.
The Fonds de Pensions Nestlé must be informed in writing of any changes to bank details. It is possible to send this notification by e-mail or post, or else submit the relevant form.
The Fonds de Pensions Nestlé must be informed in writing of any change of address. It is possible to send this notification by email or post, or else submit the relevant form.
Any notification of departure from Switzerland or arrival in Switzerland must be accompanied by a certificate from the residents’ registration office.
At the start of each year, pension beneficiaries receive a pension statement for the attention of the tax authorities.
Confirmation of being alive
The Fonds de Pensions Nestlé may at any time request the submission of an original document certifying the entitlement to benefits. If this obligation is not observed, the Fund may suspend or cancel the payment of benefits.
For pensioners residing outside of Switzerland, a confirmation of being alive is requested during the first quarter of each year.
For pensioners residing in Switzerland, confirmation of being alive is requested on a periodic basis.
Notification of death
If a pension recipient dies, the spouse or another person close to the insured member should contact the Fonds de Pensions.
A letter confirming all of the benefits due to survivors will be sent to the beneficiaries.
The following documents may be requested:
- Copy of the death certificate
- Copy of a bank document (bank details or a copy of the bank card) featuring the beneficiary
- Copy of the identity card of the beneficiary
- Copy of the identity card of any children
- Certification of current education for children aged 18 and above
- Copy of the family record book
Old Age and Surviving Dependents’ Insurance (AVS) must also be informed in the event of a death.
The annual amount of the surviving spouse’s pension is calculated based on the disability or retirement pension in payment. As a rule, it is equal to:
- 60% if the entitlement to a retirement or disability pension commenced as of or before 1st of January 2011
- 70% in other cases.
If the beneficiary is younger than the pensioner and the age difference exceeds 10 years, the pension is reduced by 2.4% per year over the 10-year limit.
In the event of marriage or the designation of a new partner following the normal retirement age, the pension of the spouse/partner surviving the insured member is reduced by 20% for each year following the normal age of retirement.
A partner may only be designated by insured members who were subject to the savings plan at the moment their entitlement commenced. No survivor’s pension is granted for any temporary pension (AVS bridge).
Each child of the deceased insured member is entitled to an orphan’s pension that will be paid until the age of 18.
The entitlement to a pension is extended until the end of education or training, but only until the age of 25 at the latest.
The pension is equal to 15% of the disability or retirement pension in payment.
If the child has lost both parents, the orphan’s pension is doubled.