Ordinance on Occupational Pension Schemes for Magistrates - Scope of Application

1. According to Articles 3 and 8 of the Law on Professional Pension Schemes for Magistrates dated June 23, 1999, this regulation addresses the pension schemes for magistrates who are still subject to the pension system pursuant to the regulation of March 30, 1979.

1. An annual interest is granted on the vested benefits acquired as of December 31, 2014, corresponding to the minimum interest rate in accordance with the federal provisions on occupational pension plans.

2. Furthermore, the provisions of the regulations and the ordinance in their wording prior to this amendment are applicable to these benefits.

3. The amounts necessary for the payment of any vested benefits, including the annual interest, are paid through the state account and represent an expense.

1. In this regulation, any designation of a person or function applies equally to both men and women.

1. The relevant salary corresponds to the annual base salary, excluding the thirteenth month's salary and presidential compensation.

2. The salary subject to participation corresponds to the relevant salary minus a coordination amount, which equals the maximum basic AHV retirement pension.

3. The insured salary corresponds to the last salary subject to participation.

1. The Regulation for a Pension Scheme for Magistrates of the Executive, the Judiciary, and the Public Prosecutor's Office dated March 30, 1979 is amended.

1. For the calculation of the benefits of magistrates who are in office at the time of the enactment of this regulation, the coordination amount is determined by considering the insured salaries (previous and new) in relation to their actual period of application according to the following formula: [(A1 x G1) + (A2 x G2)] / (A1 + A2)

A1: Number of years and fractions of a year in office at the time of the enactment of this regulation.

A2: Number of years and fractions of a year between the enactment of this regulation and the applicable annual limit for the calculation of years in office.

G1: Insured salary without coordination factor.

G2: Insured salary with deduction of the coordination factor or the coordination amount.

2. The reduction of the pension in cases of resignation or non re-election before the age of 58 does not apply to members of the Council of State who are in office at the time of the enactment of this regulation.

1. This regulation is submitted to the Grand Council for approval.

2. It will be published in the Official Gazette and will enter into force simultaneously with the Law on Occupational Pensions for Magistrates of the Executive, Judiciary, and Public Prosecution of June 23, 1999.