Pension fund card: how to read your PK statement correctly!

1. When will I receive the pension statement?

If you are employed and earn at least 22,680 francs per year from one employer, you are required to be insured with an occupational pension fund. You will receive a pension fund statement (PK statement) from your pension fund every year.

2. What do I do with the PK card?

Check the information on your pension fund card:

1. Is your annual salary correctly recorded?

2. Is your retirement balance correct? Check that all contributions have been recorded correctly by you and your employer. On top of that comes the interest. Compare your current balance with last year's.

Put down the PK card and store it.

How to read your pension statement

PK statements vary from pension fund to pension fund. Not all IDs are comprehensive. However, you can find the most important information on each PK card.

Insured persons are entitled to regular and complete information. Missing an entry? Request information from the pension fund.

General information on salary

• Reported AHV annual salary: corresponds to your gross salary. This is also the salary that is stated on the salary certificate that you use for your tax return.

• Insured annual salary: AHV annual salary minus CHF 26’460 (current coordination deduction, as at 2025). The insured annual salary is the basis for the calculations of the PK card.

For some pension funds, you will find the basic data on wages in the general personal data.

Retirement savings information

The amount of pensions savings you have is your accumulated retirement capital. They include:

• vested benefits

• Savings contributions from you and your employer

• Interest rates

Expected retirement benefits

This is the prognosis for pension capital upon retirement or early retirement. For this purpose, the pension fund uses your current salary.

The younger you are, the less accurate the prognosis. The salary and conversion rate can change over the years.

You can also find information about:

• Death benefits: survivors receive a survivor's pension from the pension fund. As a rule, spouses, children and possibly also divorced persons are entitled to this. With many pension funds, couples of concubinage can benefit from each other.

• Disability benefits before retirement: If you become disabled due to an illness, you will receive a pension from the disability insurance (IV) and the pension fund. You can close possible gaps in coverage by taking out disability insurance.

Financing

The financing section shows how much money the pension funds use for what. Transparent pension funds provide the following information:

• Distribution of contributions between you and your employer

• Level of savings contributions for retirement assets

• Amount of insurance premiums for disability and death risk

• Share of administration costs

Maximum possible purchase

Did you earn less in the past? If so, you can deposit additional contributions and increase your old-age pension. The pension fund will inform you here about how much you can deposit. Any voluntary pension contributions can be deducted from your taxable income.

As an alternative to purchasing into the pension fund, additional payments into pillar 3a are available. You can find out more about this in the linked article.

Maximum advance withdrawal to purchase a home

The stated amount can be used to purchase owner-occupied residential property. You can find more information in the article on advance withdrawal of pension assets.

Cover ratio

The coverage level shows the financial situation of your pension fund. It should be 100% or more.

If the cover ratio falls below 90%, the pension fund must take measures. These include, for example, lower interest rates or performance reductions. Contact your pension fund if the cover ratio is not specified on your pension statement.