Social insurance and fringe benefits
Pension fund: comPlan
The conversion rate will thus be decreased in monthly increments of 0.02% over this period. In addition, Swisscomin its capacity as employer will assume a premium of 1.4% within the context of the savings contribution increase for employees aged 22 to 54, while employees themselves will only have to pay a premium of 1.1% of their insured salary. Furthermore, employees born between 1952 and 1969 will receive an extra contribution financed by comPlan and Swisscom in order to limit the pension reductions to no more than 6% of their current value. Finally, Swisscom is raising the conversion loss contribution from 0.7% to 1.2% of insured salary. This will prevent any further reduction in the conversion rate to less than 5%.
Swisscom offers employees 17 weeks of maternity leave and ten days of paternity leave on the birth of a child. Parents who adopt a child are also entitled to ten days of adoption leave.
Supplementary regulations governing management staff
Members of management have the opportunity to take partly paid leave (sabbatical) of up to three months, depending on their length of service in management. Swisscom pays their salary for 30 working days. Members of management are also exempted from the obligation to pay a contribution to the collective insurances for illness and accident as well as management staff risk insurance in the event of death.