Thanks to a good return on investment, Vita Joint Foundation can pay interest on the retirement savings of its insured in 2018 that is well above the BVG minimum rate, as in previous years. The interest rates of the Vita Joint Foundation for 2018 are:
- 2.4 percent for savings in the BVG mandatory insurance (1.4 percent above the statutory minimum interest)
- 3.15 percent on super-mandatory assets.
Customers who joined the Vita Joint Foundation before January 1, 2016, will be able to benefit from the attractive interest rates. In the past, these long-standing customers contributed significantly to the rate of return with their assets. Customers who joined the Vita Joint Foundation in 2016 and 2017 also benefit from a good rate of interest: It is 1.4 percent on the mandatory part and 2.15 percent on the super-mandatory part.
Additional interest depends on the coverage ratio as at October 31
The good interest earned is possible thanks to the successful and broadly diversified investment strategy of the Vita Joint Foundation. The current investment year has been pleasing (investment report September) and has had a positive impact on the development of the coverage ratio. On the cut-off date October 31, 2017, it stood at 107.9 percent (previous year 104.6 percent) according to the pension planning model of the Vita Joint Foundation. This meant that the Vita Joint Foundation was able to set aside an interest reserve and once again pay its customers additional interest. The Vita Joint Foundation launched its pension planning model in 2014. It enables a fair and advantageous distribution of investment income.