Pensioner

Please report any change of address directly to the General Electric Switzerland pension schemes.

Death benefit: Upon retirement, the death benefit is equal to twice the annual retirement pension, less any retirement pensions drawn.

Beneficiaries: Members may determine the share of the death benefit that each person in the different beneficiary groups will be entitled to. They must lodge a respective written declaration with the Pension Fund before their death. The ranking of the beneficiaries is specified in the Benefit Rules.

Payment of pensions: The death benefit and the spouse’s and orphan’s pensions are paid as soon as the Pension Fund has received the required documents, such as list of heirs, birth certificates of the children, confirmation that they are in full-time education, etc.

Spouse’s pension: In the event of the death of a retired pensioner, the spouse’s pension amounts to 60% of the current pension. The spouse’s pension can only be increased or reduced at the time of retirement (see also Retirement).

Orphan’s pension: All children who are entitled to a pension have the right to claim an orphan’s pension in the amount of 20% of the disbursed retirement pension.

Please report any change in your account details directly to the General Electric Switzerland pension schemes.

Pensions are paid on the fourth working day of each month. Lump-sum payments are made within 30 days of the verification of eligibility. Payments are made to Swiss bank accounts only.

Please report your relocation abroad directly to the General Electric Switzerland pension schemes. In the event of members leaving Switzerland, the place of performance is the domicile of the Foundation. Any fees arising in connection with bank transfers abroad must be borne by the members. This is subject to the provisions of the relevant international treaties. For further information, please contact the General Electric Switzerland pension schemes.