Annual Report 2018
GastroSocial again recorded encouraging and stable growth in 2018.
The number of affiliated businesses reached 20’587 for the Compensation Fund and 20’677 for the Pension Fund. The total payroll grew to some CHF 6.29 billion for the Compensation Fund and CHF 5.43 billion for the Pension Fund. Contributions totalled CHF 1.07 billion for the Compensation Fund and CHF 401 million for the Pension Fund.
Administrative costs were again low. In addition, the insured benefit from a rate of interest that is higher than the BVG minimum interest rate.
The 2018 investment year was marked by negative fluctuations in the yields of global government and corporate bonds, as well as declining returns from the equity markets and real estate funds. In contrast to the success of previous years, Swiss pension funds were down 3.45% on average. GastroSocial posted a return of minus 3.05%, which corresponds to the BVG benchmark index. The funding ratio is 115.3% with investment capital of around CHF 7 billion.
To the Annual Report 2018
Björn Wertli, Director and Urs-Peter Amrein, Chairman of the Executive Board