The Pension Fund of Credit Suisse Group (Switzerland), with total assets of approximately CHF 17.4 billion, over 18,000 active participants, and around 11,000 pensioners, is one of the largest pension funds in Switzerland.

The Board of Trustees of the Pension Fund set an interest rate of 5% on the retirement savings capital for the 2022 reporting year. The minimum BVG interest rate is 1.0%.

The coverage ratio under Art. 44 BVV 2 stood at 128.7% at the end of 2022 and thus fell slightly, since it stood at 130.9% at the end of 2021. The reserves for fluctuations in asset value have been increased fully. The Pen-sion Fund thus has non-committed funds and unlimited risk ability.

Cost-of-living allowance for pensioners

Each year, the Board of Trustees reviews whether to grant a cost-of-living allowance. In view of the prevailing and historically low inflation environment, the Board of Trustees decided not to grant any new increase in the cost-of-living allowance as of January 1, 2023. Pensions were last adjusted on January 1, 2007. The cumulative increase in the cost of living since then amounts to 4.9%.

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The Pension Fund of Credit Suisse Group (Switzerland) conducts an annual detailed asset and liability manage-ment study, in which it analyzes whether the assets and benefit obligations are aligned with one another in the medium and long term. This constitutes the basis for defining the Pension Fund's investment strategy, risk ability, risk tolerance, and performance objectives.

The total number of insured participants increased by 231 to 29,070 persons. At the end of 2022, the Pension Fund had 18,244 active participants and 10,875 pensioners. Active participants account for 63% of the total number, with pensioners accounting for 37%.

The largest age category, comprising 5,231 active participants, is participants between 35 and 44 years old. The average age of active participants is 44.3 years for men and 41.9 years for women.

The 8,124 retirement pension recipients account for the majority of pensioners, making up 75.25% of the total. The 1,800 recipients of a surviving spouse's pension constitute the second-largest group at 16.55%. The Pension Fund also paid 32 divorced spouse's pensions in the 2022 reporting year.

The 65–74 age group comprises the largest number of pension recipients, with a total of 3,836 persons. There are 124 insured participants in the 95-plus age group.