News from the Board of Trustees, 11 April 2022

  • 22.04.2022

General Electric Switzerland Pension Fund (PF) / Supplementary Insurance Plan (SIP): News from the Board of Trustees, 11 April 2022

Board of Trustees reshuffle

Michael Rechsteiner has left the Board of Trustees. Tharsilla Laier has been appointed as new employer representative. The employee representative Christoph Hasler has also departed. The Board of Trustees will be reduced from 10 to 8 members with effect from 1 Mai 2022. Its new composition will be as follows:

Employer representatives

  • Alexander Mihajlovic (Chair)
  • Robin Indermaur
  • Dana Kiefer
  • Tharsilla Laier

Employee representatives

  • Hans-Jürg Harder (Deputy Chair)
  • Jerome Harden
  • Roland Hug
  • Peter Renz

Current performance

In March, the PF generated a return on investments of 0.06%. The accumulated result from January to March 2021 thus amounts to -4.03%.

Approval of annual accounts

The Board of Trustees has approved the 2021 annual accounts of the PF and the SIP. The PF generated an impressive total return of 8.95%. The coverage ratio rose to 122.0% (previous year: 119.3%).

Appointment of auditor

KPMG was confirmed as auditor for financial year 2022.

Appointment of expert

The previous expert, Dr. Olivier Kern of Pittet Associates AG, was reappointed for financial year 2022.

Information events in 2022

Further information about the Pension Fund will be provided at the information events, which will take place on the following dates:

Date Language Time Form
Wednesday, 1 June 2022 German 10.00 a.m. MS Teams
Thursday, 2 June 2022 English 10.00 a.m. MS Teams
Tuesday, 7 June 2022 German 14.00 p.m. in person, room Vindonissa in Birr

The next meetings of the Board of Trustees will take place on 13 June 2022.