Advantages

Many free-lance translators and interpreters start to think about retirement too late in their careers, subscribe to schemes that do not suit their needs, or set aside too little to ensure a reasonable income after retirement.

Why choose the CPIT?

  • Because it is a fund that is managed by colleagues, absolutely openly, with no red tape and no intermediaries, and where you can be sure that you receive your full share of any profits the fund makes.

  • Because the CPIT offers excellent benefits, in particular with a capital-to-income conversion rate of 6,35% at the age of 65 for men and women alike.

  • Because it is a fund that offers you a degree of flexibility that is particularly suited to the job of free-lance translator or interpreter. You decide for yourself how much you want to pay in and at what age you want to retire.

  • Because it is one of the pension funds that is recognized both by the United Nations system and by the European and coordinated organizations.

In addition,

Members under the age of 30 are totally exempted from the obligation to pay in the annual minimum amount for a period of not more than 2 years. Furthermore, members joining after the age of 20 are entitled to buy back benefits to make up for "lost" years of membership.

The CPIT offers you :

  • A pension, in the form of either a monthly allowance for life or a lump-sum, or a combination of the two. The normal retirement age is 65 for men and women alike, but you can opt for retirement from the age of 60 onwards or postpone retirement until the age of 70;

  • Insurance cover in the event of disability, with the payment of an disability benefit and exemption from payment of contributions until retirement ;

  • In the event of death before retirement, payment of accumulated capital to beneficiaries ;

  • In the event of death after retirement, a widow's or widower's pension for the surviving spouse or death benefit to other beneficiaries.

The fund's portfolio is managed by two specialized Swiss banks (Pictet & Cie and UBS), under the supervision of the Foundation Council. Holdings are diversified (including a selection of Swiss and foreign bonds and shares), and investment policy is subject to Swiss rules governing pension funds, which aim to guarantee sound long-term management.

How are members kept informed?

Each year, active members are sent a personal statement, which shows the amount of capital accrued on their account, amounts paid in, benefits acquired to date and potential benefits that can still be acquired. All members (active and retired) also receive an annual report on the current financial situation of the fund.