Dear Colleagues

We are pleased to share positive news with you regarding the development of our pension fund.

The stabilization of the financial and capital markets, combined with a further reduction in key interest rates and the results of the recent elections in the USA, has contributed to a positive performance of our investments. This currently stands at around +8% and forms a solid basis for our pension scheme.

In view of the positive development, the Board of Trustees has decided to increase the retirement assets for 2024 with 6.5% interest. This exceptionally high interest rate rewards the good performance and at the same time strengthens the attractiveness of our pension fund. The estimated coverage ratio is expected to be at approx. 116% (+/- 1%) which underlines the solid financial position of the pension fund.

At the beginning of this year, we launched flexible pension options. These new options have already been used by many colleagues and are very popular. We are convinced that this flexibility will help us to meet individual needs even better.

We wish you wonderful holidays and a happy, healthy 2025.

Best regards
On behalf of the Board of Trustees

Pascal Bürgin