Allowances
Family and Child Allowances
As a beneficiary, a family allowance can be added to your benefits if you are:
- Married (prior to the retirement date)
- Unmarried and in receipt of a child allowance
As a beneficiary, a child allowance can be added to your benefits if you have at least one dependent child. Entitlement to this allowance ceases when the child no longer meets the conditions as defined in the applicable Staff Rules and Regulations.
Amount and calculation
- Family allowance = 690 CHF per month
- Child allowance = 491 CHF per month
Allowances are based on the maximum period of membership (35 years or 37 years and 10 months, depending on when you joined the Fund). These are reduced proportionally according to the effective number of years of membership.
Beneficiaries are required to declare the amount of any allowances received from another source (including by the spouse) and this will be deducted from the benefits paid by the Fund.
Non-concurrence of Benefits (Article II 7.03)
a) A beneficiary shall declare the amount of any payment and allowances received by him and/or his spouse with respect to his family situation or to his children from sources other than the Fund. Depending on their nature, they shall be deducted from the corresponding benefits payable under the present Rules.
b) In the case of spouses who both are beneficiaries of a pension, family and children’s allowances for which they may be eligible, shall be payable only to the spouse whose entitlement results in the higher of the two amounts.
Child allowance: amount for double orphans
The maximum child allowance of 491 CHF is payable.
Entitlement to Pension of Double Orphans (Article II 6.02)
A dependent child shall be entitled to a double orphan’s pension upon the death of a parent who is a beneficiary of a retirement or a disability pension, or a member, if the other parent of the child is no longer living.
Except in the case where the pension for surviving spouse ceases on remarriage (Article II 5.03), a single orphan shall be treated as a double orphan if the surviving parent is not a beneficiary of the Fund and is unable to provide adequate maintenance for the child.
Surviving spouse fixed sum
An allowance, called a fixed sum, is added to the surviving spouse’s basic pension.
Amount and calculation:
- Fixed sum = 564 CHF per month
The fixed sum is based on the maximum period of membership (e.g. 35 years or 37 years and 10 months, depending on when you joined the Fund). The allowance is reduced proportionally according to the effective number of years of membership.