Asga Vorsorgestiftung

Asga Vorsorgestiftung

Asga Vorsorgestiftung

Employees with higher salaries also have greater requirements in terms of pension provision. Asga Vorsorgestiftung aims to provide retirement benefits in excess of the basic mandatory benefits. Through maximum flexibility, we tailor pension benefits in line with your individual requirements.

Organisational structure

Asga Vorsorgestiftung was founded in 2009. It is subject to the BVG/LPP and foundation supervisory bodies in Eastern Switzerland and affiliated to the BVG/LPP Guarantee Fund.

Investments

The foundation provides two forms of investment: the “group solution” and the “individual solution”. With the group solution, your savings capital is invested in a pool together with that of other companies. With the individual solution, you decide your investment strategy individually and operate a pension fund with its own funded status.

Investment management

Depending on the product characteristics, the savings capital is managed by the “IST Investment Foundation” and/or Asga Pensionskasse. With the IST, you can choose from three different investment groups and/or BVG/LPP mixed portfolios. With the group solution in particular, pooled assets are managed by the investment specialists at Asga Pensionskasse.

Risk benefits and administration

Death and disability risks are covered by a stop-loss insurance contract with Zurich Life Insurance Company Ltd. Administration is handled by the employees of Asga Pensionskasse on behalf of Asga Vorsorgestiftung.

Interest paid by Asga Vorsorgestiftung in 2022

The interest paid on retirement assets of Asga Vorsorgestiftung as part of the group solution was
2 %. The interest for affiliations with individual solutions is decided individually by a resolution of the relevant pension committee. As before, no interest is paid in respect of members who left during the year.

as of 31 Dezember 2021

Number of affiliated companies162
Number of insureds853
Retirement pensioners38
Recipients of a disability pension0
Partner pensioners1
Total actuarial capital, active insureds and pensionersCHF 102’731’262.75
of which pensioners’ capitalCHF 13’696’433.00
Total actuarial reservesCHF 3’141’632.30
Balance sheet totalCHF 140’872’449.68

Group solution

as of 31 Dezember 2021

Affiliated companies151
Insureds703
Actuarial capital, active insuredsCHF 79’256’713.00
Fluctuation reservesCHF 16’575’661.00
Funded status119.24 %

Individual solution

as of 31 Dezember 2021

Affiliated companies11
Insureds150
Actuarial capital, active insuredsCHF 9’778’116.00
Fluctuation reserves, including free assetsCHF 994’819.18
YearMen (normal retirement age 65)Women (normal retirement age 64)
20215,90 %5,75 %
20225,80 %5,65 %
20235,55 %5,40 %
20245,30 %5,15 %
20255,05 %4,90 %

Recovery

Funded status (estimated) as per 30 OctoberInterest on retirement savings capitalRecovery contribution rate
0% – 85%0%8%
85% – 90%0%4%
90% – 95%0%
95% – 100%0%

Structure

Funded status (estimated) as per 30 OctoberInterest on retirement savings capitalRecovery contribution rate
100% – 105%0,5%
105% – 108%1%
108% – 110%1,5%

Equilibrium

Funded status (estimated) as per 30 OctoberInterest on retirement savings capitalRecovery contribution rate
110% – 116%2%
116% – 117%2,5%

Participation

Funded status (estimated) as per 30 OctoberInterest on retirement savings capitalRecovery contribution rate
117 % 2,75 %
118 %3,25 %
119 %3,75 %
120 %4,25 %
121 %4,75 %
122 %5,25 %
u.s.w.
CharacteristicsGroup solutionIndividual solution
Funded statusValuation at Vorsorgestiftung levelIndividual at pension fund level
Funding of fluctuation reservesAt Vorsorgestiftung level (group solution)Funding of fluctuation reserves
Individual at pension fund level
Investment decisionsThe Pension Board determines the investment strategy for pension funds affiliated to the group solution.The pension committee determines the investment strategy and bears the investment risk itself.
Provider of investmentsAsga PensionskasseIST Investment Foundation / Asga Pensionskasse
Decisions on use of returnsPension BoardPension committee of pension fund
Actuarial risks such as death and disabilityA stop-loss insurance contract is in force with Zurich Life Insurance Company Ltd, Zurich.A stop-loss insurance contract is in force with Zurich Life Insurance Company Ltd., Zurich.
Plan design for the pension conceptIs the responsibility of the pension committee and can be structured in a flexible manner.Is the responsibility of the pension committee and can be structured in a flexible manner.
Handling of administrative tasksUndertaken by employees of Asga Pensionskasse.Undertaken by employees of Asga Pensionskasse.

IST products for individual solution

Mixta Optima 15MIXTA OPTIMA 15 is an actively managed mixed portfolio that seeks to achieve a neutral equity allocation (excluding real estate) of 15.00%. It is managed by IST Investment Foundation.
Mixta Optima 25 MIXTA OPTIMA 25 is an actively managed mixed portfolio that seeks to achieve a neutral equity allocation (excluding real estate) of 25.00%. It is managed by IST Investment Foundation.
Mixta Optima 35 MIXTA OPTIMA 35 is an actively managed mixed portfolio that seeks to achieve a neutral equity allocation (excluding real estate) of 35.00%. It is managed by IST Investment Foundation.

as at 31.05.2023

No Data Found

The Pension Board behind Asga Vorsorgestiftung

The Pension Board is responsible for managing Asga Vorsorgestiftung. The Board consists of four members, comprising an equal number of employer and employee representatives.

Sergio Bortolin
CEO
Asga Pensionskasse, St. Gallen
Chairman of the Pension Board
Employer representative

Andreas Lehmann
Head of Human Resources
acrevis Bank AG, St. Gallen
Employee representative

Jaap van Dam
Affiliate
HSP Consulting AG
Employer representative

Heinz Züllig
Head of Human Resources and Pension Fund
STUTZ AG, Hatswil
Employee representative