The 2019 financial year was very encouraging. Contribution volumes rose to CHF 1.09 billion for the Compensation Fund and CHF 408 million for the Pension Fund.
We are pleased to be able to insure 20’398 companies through the Compensation Fund and 20’914 through the Pension Fund and are grateful for the trust that our customers place in us. We remain committed to supporting our customers in both good times and challenging ones.
Sustainability in the hotel and catering industry
As well as providing insights into the business performance of GastroSocial, this latest Annual Report also puts the spotlight on the topic of sustainability. We visited our customers Bürgenstock Hotels & Resort, Albergo Colmanicchio, Gare à toi and Tibits who describe in words and pictures how they are committed to protecting the environment.
Low administrative costs – attractive interest rate
Administrative costs were kept low – at around CHF 63 per beneficiary, our administrative costs are very low for Switzerland as a whole. Policyholders also benefit from an attractive interest rate of 2.35% on their pension assets. That is 1.35 percentage points more than the BVG minimum interest rate of 1%.
Annual Report 2019
Björn Wertli, Director and Urs-Peter Amrein, Chairman of the Executive Board