Pledging

What is the significance/are the consequences of pledging for you?
In contrast to early withdrawal, your pension cover will not be reduced by pledging, but only if and when the pledge is realised.
Pledging gives you borrowed capital. If required, you can then agree with your lender on a higher mortgage loan, a waiver or postponement of redemption of the mortgage loan or a reduced rate of interest on a subordinated mortgage.

What deadlines and formal requirements do you have to take into account?
You can pledge your claims to pension benefits or an amount up to the value of your termination benefit for residential property up to three months before your selected retirement date. Pledging is only valid if the Personnel Pension Fund is informed of it in writing.

What is the maximum amount you can pledge?
Up until age 50, you can pledge your termination benefit up to a maximum of the termination benefit at the time the pledge is realised. From 50 onwards, the maximum amount you can pledge is equal to your termination benefit at the age of 50 or half of your current termination benefit, whichever is higher.

When do you need the consent of your pledgee?
The written consent of your pledgee is required if the pledged amount is affected

  • for cash payment of your termination benefit
  • for the payment of your retirement benefit (pension payment)
  • for the transfer of part of your termination benefit to a divorced spouse’s pension fund

What consequences does pledging have for you?
If a pledge on your termination benefit is realised, you will lose the pledged termination benefit. This has the same effects as early withdrawal. In particular, your retirement, disability and death benefits will be reduced.

Contact

Loredana Gallo-Rausa

Loredana Gallo-Rausa

Administrator for: responsable for all divisions exept HCI Solutions AG


Galenica Pension Fund

Untermattweg 8
Postfach
CH-3027 Bern

Phone:
+41 58 852 87 05
Fax:
+41 58 852 87 01

contact

Regula Schlachter

Regula Schlachter

Deputy Manager Responsable for HCI Solutions AG and all questions about retirement, disability and death


Galenica Pension Fund

Untermattweg 8
P.O. Box
CH-3027 Bern

Phone:
+41 58 852 87 03
Fax:
+41 58 852 87 01

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