News from the Board of Trustees, 14 April 2023

  • 25.04.2023

General Electric Switzerland Pension Fund (PF) / Supplementary Insurance Plan (SIP): News from the Board of Trustees, 14 April 2023

Changes on the Board of Trustees

Jerome Harden has left the Board of Trustees. Marius Stadtherr was elected as new employee representative. The Board of Trustees is comprised as follows:

Employer representatives

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

Employee representatives

  • Hans-Jürg Harder (Deputy Chair)
  • Roland Hug
  • Peter Renz
  • Marius Stadtherr

Current performance

In March, the PF generated a return on investments of 0.79%. The accumulated result from January to March 2023 thus amounts to 2.61%.

Approval of annual accounts

The Board of Trustees has approved the 2022 annual accounts of both the PF and the SIP. The PF generated a negative total return of -10.53%. The coverage ratio decreased to 110.8% (previous year: 122.0%).

Appointment of auditor

KPMG was confirmed as auditor for financial year 2023.

Appointment of expert

The present expert, Dr. Olivier Kern of Pittet Associates AG, was reappointed for financial year 2023.

Information events in 2022

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

Date Language Time Form
Wednesday, 31 May 2023 German 10.00 a.m. MS Teams
Thursday, 1 June 2023 English 10.00 a.m. MS Teams
Tuesday, 1 June 2023 German 2.00 p.m. On-site, room Vindonissa in Birr

The next meetings of the Board of Trustees will take place on 12 June 2023.