Pensions and Life Assurance for Swiss
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Haulage Workers BY A SPECIAL CORRESPONDENT ,1-1 A COMPREHENSIVE pension and
life-assurance scheme has recently been inaugurated for its members by TAG, the go-ahead Swiss road haulage association. The benefits are available to all classes of personnel engaged in road haulage—proprietors, salaried directors, managers, drivers and mechanics.
Two types of basic scheme are offered —capital benefits or pension. In the former case (Plan A) the following benefits are granted:—
(a) A capital sum on retirement, which is given to the insured person at the age of 65 (men) and 62 (women);
(b) A death benefit, which is given if the insured person dies -before the age of 65 (men) or 62 (women);
(c) A child's allowance, given in addition to the death benefit for every child under 20 years of age. This allowance is paid yearly from the date of the death of the insured person (male) until the child's twentieth birthday. This additional form of insurance is comprised in all schemes requiring premiums of Sw. fr. 360 and above.
The pension scheme (Plan B) provides a pension at the age of 65 for men and 62 for women. Ten annual pension payments are guaranteed no matter how long the insured lives, and in the event of death before the expiry of the full 10-year period the balance of the guaranteed payments passes to the insured's beneficiaries.
In place of the pension, the insured can elect on retirement to receive the 10 guaranteed annual payments in a lump sum. When this option is exercised the actual pension is deferred until the age of 75. Plan B also incorporates a death benefit and a child's allowance on the same basis as those provided in Plan A.
For the capital benefit scheme, the minimum premium is 200 francs for each insured person, or a multiple of this figure, but not more than the maximum figure of 720 francs. For Plan B the minimum premium charge is 360 francs and the maximum is 960 francs. Half the annual premium is paid by the employer and half by the employee, who may pay by means of instalments deducted from his wages or salary.
Some examples of schemes are given below:—