BKW Pension Fund's financial stability has been positively affected by the conversion of defined benefit pension plans into defined contribution plans. This effect benefits both employees and associated companies. Employees and affiliates will continue to contribute to the same extent in the future. The new pension plan provides no reduction of benefits.
The positive special accounting effect is due to the application of international IFRS accounting standards and has a double-digit million impact on operating profit. It is non-cash, non-cash and results from the conversion requirement. For a defined benefit plan, this is lower for a defined benefit plan than for a defined benefit plan.
The BKW Group is an international energy and infrastructure company based in Bern. It employs more than 6000 people. Thanks to its network of companies and expertise, it offers its customers comprehensive comprehensive solutions. It plans, builds and operates energy production and delivery infrastructure for businesses, individuals and the public sector and offers digital business models for renewable energy sources. The BKW Group's portfolio now extends from planning and consulting energy, infrastructure and environmental projects to integrated services in construction engineering, construction, service and maintenance of energy, telecommunications, transport and water. [Mer] 1
BKW Pension Fund
BKW Pension Fund is a private law pension scheme based. It assures the risks of old age, death and disability of employees in about 20 companies in which BKW owns a share on the basis of the Swiss Federal Occupational Pensions, Survival and Disability Pensions Act (BVG). Decisive are the provisions of the statutes and regulations of the Fund. BKW Pension Fund has an actuarial coverage ratio of 111.7 percent (technical interest rate 2 percent) as of December 31, 2017.