Annual Report 2024 in brief
Our 2024
Here you will find a selection of the most important events of 2024 at the Federal Pension Fund PUBLICA and our Annual Report 2024 in PDF format.
At the end of 2024, the funded ratio of the PUBLICA collective institution had risen to 104.6%. All pension plans had funded ratios of over 100%. This is thanks to the fact that, with few exceptions, all asset classes delivered positive returns. The consolidated net investment return was 5.9%.
At the end of 2024, PUBLICA reached the mid-point of its 2023–2026 strategy period.
Our annual report details the measures we are taking to achieve our strategic goals.
For example, we have introduced two new guidelines setting out our strategic ethos as the Federal Pension Fund. These stipulate that new employers may only affiliate under specific conditions. In August 2024, the Federal Council adopted its dispatch on amendments to the Federal Personnel Act and PUBLICA Act. We stated our case on issues that affect us, such as the separation of provisions on financing and benefits, the possibility of offering risk benefits on a defined benefit basis, and the option to develop multiple strategic asset allocations. We are increasing the risk budget for investments and progressively implementing the new strategic asset allocation to enhance the role played by the “third contributor” (asset management). Another example is the modernisation of our IT infrastructure: business-critical applications such as the membership administration program and accounting software are being outsourced to our service provider’s computer
centre, to ensure a higher level of availability.
In September 2024, we conducted a comprehensive survey of our active members to find out for the first time what they think about our image, pension offerings, strategic asset allocations, course programme, digital transformation and communication. The results showed very good ratings for quality of contact and service orientation.
We are thus very proud of our dedicated staff who are helping to implement the changes. You can see some of them in the photos in this Annual Report.
Best regards,
Kaspar Müller Doris Bianchi
Chair of the Board of Directors, PUBLICA Director, PUBLICA
In 2024, the consolidated net investment performance was 5.9%. As a result, the consolidated funded ratio also rose, to stand at 104.6% at the end of 2024. This means that none of the pension plans is underfunded any more. We are at the mid-point of our strategy period and have prepared, and in some cases implemented, a large number of projects.
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