Old-age pension
What is the old-age pension?
The savings capital available on retirement is converted into an annual, lifelong retirement pension at the conversion rate in accordance with the currently valid regulations. The conversion rate used for this is determined by the Board of Trustees and is already defined at FUTURA until 2029.
You can find a calculation example here:
The insured person is free to opt for a (partial) lump-sum withdrawal instead of a pension (see "Lump-sum withdrawal").