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.
Contact
Martin Schaub
as of 31 Dezember 2021
| Number of affiliated companies | 162 |
| Number of insureds | 853 |
| Retirement pensioners | 38 |
| Recipients of a disability pension | 0 |
| Partner pensioners | 1 |
| Total actuarial capital, active insureds and pensioners | CHF 102’731’262.75 |
| of which pensioners’ capital | CHF 13’696’433.00 |
| Total actuarial reserves | CHF 3’141’632.30 |
| Balance sheet total | CHF 140’872’449.68 |
Group solution
as of 31 Dezember 2021
| Affiliated companies | 151 |
| Insureds | 703 |
| Actuarial capital, active insureds | CHF 79’256’713.00 |
| Fluctuation reserves | CHF 16’575’661.00 |
| Funded status | 119.24 % |
Individual solution
as of 31 Dezember 2021
| Affiliated companies | 11 |
| Insureds | 150 |
| Actuarial capital, active insureds | CHF 9’778’116.00 |
| Fluctuation reserves, including free assets | CHF 994’819.18 |
| Year | Men (normal retirement age 65) | Women (normal retirement age 64) |
| 2021 | 5,90 % | 5,75 % |
| 2022 | 5,80 % | 5,65 % |
| 2023 | 5,55 % | 5,40 % |
| 2024 | 5,30 % | 5,15 % |
| 2025 | 5,05 % | 4,90 % |
Recovery
| Funded status (estimated) as per 30 October | Interest on retirement savings capital | Recovery contribution rate |
| 0% – 85% | 0% | 8% |
| 85% – 90% | 0% | 4% |
| 90% – 95% | 0% | – |
| 95% – 100% | 0% | – |
Structure
| Funded status (estimated) as per 30 October | Interest on retirement savings capital | Recovery contribution rate |
| 100% – 105% | 0,5% | – |
| 105% – 108% | 1% | – |
| 108% – 110% | 1,5% | – |
Equilibrium
| Funded status (estimated) as per 30 October | Interest on retirement savings capital | Recovery contribution rate |
| 110% – 116% | 2% | |
| 116% – 117% | 2,5% | – |
Participation
| Funded status (estimated) as per 30 October | Interest on retirement savings capital | Recovery contribution rate |
| 117 % | 2,75 % | |
| 118 % | 3,25 % | |
| 119 % | 3,75 % | |
| 120 % | 4,25 % | |
| 121 % | 4,75 % | |
| 122 % | 5,25 % | |
| u.s.w. |
| Characteristics | Group solution | Individual solution |
| Funded status | Valuation at Vorsorgestiftung level | Individual at pension fund level |
| Funding of fluctuation reserves | At Vorsorgestiftung level (group solution) | Funding of fluctuation reserves Individual at pension fund level |
| Investment decisions | The 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 investments | Asga Pensionskasse | IST Investment Foundation / Asga Pensionskasse |
| Decisions on use of returns | Pension Board | Pension committee of pension fund |
| Actuarial risks such as death and disability | A 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 concept | Is 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 tasks | Undertaken by employees of Asga Pensionskasse. | Undertaken by employees of Asga Pensionskasse. |
IST products for individual solution
| Mixta Optima 15 | MIXTA 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. |
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
Peter Schütz
Entrepreneur
LETRONA AG, Friltschen
Employer representative
Heinz Züllig
Head of Human Resources and Pension Fund
STUTZ AG, Hatswil
Employee representative
