Under the regulations, the normal retirement age for both men and women is 65. Between the ages of 58 and 70, the participant is free to choose the date of his/her retirement. Retirement benefits can be paid out either as a pension or as a lump sum. The Pension Fund must be notified of a lump sum withdrawal using the relevant form at least 3 months before the retirement date.
If the level of employment is reduced by at least 20% after the age of 58, the participant can request partial retirement to the extent of this reduction.
Participants who receive a retirement pension are entitled to a child's pension for children until they reach the age of 20. If the children are still in education or at least 70% disabled, this entitlement continues until they reach the age of 25. The child's pension is equivalent to 20% of the retirement pension.
Galenica Pension Fund
Tel. +41 58 852 87 00
Fax +41 58 852 87 01