Switzerland Pension & Accident Insurance

Toku provides mandatory social insurance benefits in Switzerland in compliance with local regulations. This includes:

• Occupational Pension (BVG / OPA) through AXA
• Accident Insurance (UVG) through Zurich Insurance, for work-related and non-work-related accidents
• Complementary Accident Insurance through Zurich Insurance, which tops up UVG benefits
• Sickness Daily Allowance Insurance through Zurich Insurance, which replaces 80% of your salary if you can't work due to illness Pension and UVG accident insurance are required under Swiss law. All four are provided automatically through your employment with WorkCo Switzerland Sàrl, Zweigniederlassung Zürich.

---

Summary of Swiss Pension Plan (AXA BVG / OPA)

Toku partners with AXA Life Ltd, a licensed Swiss pension provider, to administer the company’s occupational pension plan.

Employees who meet the eligibility criteria are enrolled automatically. No action is required unless otherwise communicated.

Plan Overview

Eligibility & Enrollment

You are automatically enrolled in the pension plan if you:

• Are between 18 and the regular retirement age (65)
• Earn more than CHF 22,680 per year
• Have an employment contract of at least 3 months From 18, you are covered for death and disability. Retirement savings start on 1 January after your 24th birthday. Cover applies worldwide.

Pensionable Salary

Pension contributions are calculated based on your pensionable salary.

• Pensionable Salary: Equal to your annual salary. This plan applies no coordination deduction.
• Annual Salary: Your most recent AHV salary, including any regular variable remuneration, and taking into account changes already agreed for the current year. Remuneration paid only occasionally is not included.
• Maximum Insurable Salary: CHF 907,200 (the legal maximum for 2026). The CHF 90,720 BVG upper limit does not cap this plan - salary above it is fully insured.
• Minimum Pensionable Salary: CHF 3,780 (1/8 of the maximum AHV pension) Example:

If your annual salary is CHF 80,000 → pensionable salary = CHF 80,000

Source: AXA Occupational Benefits Plan, contract 2/519490, plan 1, valid as of 15.03.2024.

Contribution Overview

Pension contributions are shared equally between you and your employer.

Contributions are deducted automatically from your monthly payroll.

Summary of Pension Benefits

The sections below provide an overview of the benefits included in the AXA pension plan.

Retirement Benefits

• Monthly contributions build your retirement capital
• At retirement, you may choose between:
  • A monthly lifelong pension, or
  • A lump-sum withdrawal (subject to plan rules)
• Retirement capital earns interest, determined annually in line with BVG requirements and market performance

Disability Coverage

If you become unable to work due to illness or accident:

• Disability pension: 60% of your pensionable salary (24-month waiting period)
• Waiver of contributions: after a 3-month waiting period - AXA continues paying pension contributions on your behalf
• Disabled person's child's pension: equal to the orphan's pension (24-month waiting period)
• Your retirement savings continue to grow during disability

Survivor & Family Benefits

In the event of death, the plan provides:

• Partner's pension before retirement: 40% of your pensionable salary (extended coverage)
• Partner's pension after retirement: 60% of the retirement pension
• Orphan's pension before retirement: 12% of your pensionable salary (until age 18, or 25 if in education; doubled for full orphans)
• Independent lump sum payable at death: 100% of your pensionable salary
• Lump sum payable at death: available retirement assets not required to finance the partner's pension Some benefits depend on personal circumstances. Note that retirement assets built up from voluntary purchases (buy-ins) are held separately and are not counted when calculating survivors' or disability benefits.

---

Summary of Swiss Accident Insurance (UVG)

All employees in Switzerland are covered under mandatory Accident Insurance (UVG).

Coverage applies automatically from your first day of employment.

What UVG Covers

UVG provides coverage for:

• Work-related accidents
• Commuting accidents
• Non-work accidents (if you work at least 8 hours per week)
• Occupational diseases Coverage applies both during working hours and personal time.

What UVG Pays

UVG benefits are based on your insured salary: your AHV salary, up to CHF 148,200 per year.

• Treatment costs: outpatient treatment, hospital stays in the general ward, prescribed medication and prescribed spa therapies
• Daily allowance: 80% of your insured salary from the 3rd day after the accident until a disability pension starts
• Disability: a lifelong pension of 80% of your insured salary (coordinated with your AHV pension from retirement age), a one-off impairment compensation, and a long-term care allowance where needed
• Death: survivors' pensions of 40% for a widow or widower, 15% per half-orphan and 25% per full orphan (until 18, or 25 if in education). All survivors together receive no more than 70% of the insured salary.
• Abroad: cover applies worldwide, but benefits abroad are limited (for example, treatment costs up to twice what they would cost in Switzerland). Treatment abroad must be cleared with Zurich in advance, except in emergencies.
• Part-time: if you work fewer than 8 hours a week for any employer, you are only covered for occupational accidents. Accidents on your way to work count as occupational.
• Benefits for non-occupational accidents may be reduced or refused in cases of gross negligence, extraordinary risks or high-risk activities. The Complementary Accident Insurance below covers this gap.

Premium & Cost Overview

Coverage After Employment Ends

• Non-occupational accident cover ends at the close of the 31st day after your entitlement to at least half your salary ends (usually your last day of employment)
• You can extend it for up to 6 months with Zurich's interim insurance (Abredeversicherung / assurance par convention) for CHF 40 per month. See Leaving Toku: Your Insurance Options below. (useful if you are between jobs)

How to Report an Illness or Accident

If you are ill or have an accident:

1. Report your absence to your manager and Toku as soon as possible
2. Submit a doctor's certificate on the 3rd day of absence
3. If you remain unable to work, let your manager know and submit a new doctor's certificate every month
4. Toku coordinates the claim with Zurich Insurance Daily allowances from the sickness and accident insurance are not subject to AHV/IV/EO/ALV contributions. If you are unable to work for a long period, ask your AHV compensation office whether you have any contribution gaps; this is your responsibility.

---

Summary of Complementary Accident Insurance (Zurich)

On top of UVG, Toku provides complementary accident insurance with Zurich Insurance (policy 16.433.726). It improves UVG benefits and insures the part of your salary above the UVG maximum. Coverage starts and ends in the same way as UVG.

What It Adds

Your surplus salary is your AHV salary above CHF 148,200, up to a maximum of CHF 300,000 per year.

• Treatment: hospital stay in a private ward, and full coverage abroad worldwide with no monetary limit (treatment abroad must be cleared with Zurich in advance, except in emergencies)
• Daily allowance: 80% of your surplus salary from the 31st day until a disability pension starts
• Disability: a lump sum of 2× your UVG salary plus 2× your surplus salary, paid in proportion to your degree of disability
• Death: a lump sum of 1× your UVG salary plus 1× your surplus salary
• UVG gap cover: pays the benefits UVG reduces for gross negligence, extraordinary risks or high-risk activities

---

Summary of Sickness Daily Allowance Insurance (Zurich)

Toku's Swiss employees are covered by a group sickness daily allowance insurance with Zurich Insurance (policy 16.433.724). It replaces part of your salary if illness leaves you unable to work.

Coverage Overview

---

Leaving Toku: Your Insurance Options

When you leave, Toku will send you Zurich's information sheets for the options below. The deadlines are strict, so act early.

Extending Your Accident Cover (Interim Insurance)

• Your non-occupational accident cover ends at the close of the 31st day after your entitlement to at least half your salary ends.
• Zurich's interim insurance (Abredeversicherung in German, assurance par convention in French) extends this cover for up to 6 months in total, with full UVG benefits. It is useful if you are between jobs, taking unpaid leave, or not taking up new employment.
• Cost: CHF 40 per month or part month. Premiums paid for unused months are not refunded.
• How to buy: online at zurich.ch/abredeversicherung (German) or zurich.ch/assurance-par-convention (French). You receive a confirmation and invoice by email. Pay the premium by the last day of the 31-day period; the insurance is only valid if paid on time. To extend later, buy it again and pay before your current cover expires.
• When it ends: at the end of the term you chose, after 6 months at most, or when you start a job of at least 8 hours a week with a Swiss employer. It stays in force if you become self-employed or move abroad.
• If you register as unemployed and qualify for unemployment benefits, you are automatically insured against accidents through Suva and cannot take out interim insurance.
• Tell your health insurer when your UVG cover ends, so accident cover can be added back into your health insurance.
• To report an accident, use zurich.ch. Zurich HELP POINT: 0800 80 80 80 (24/7), or +41 44 628 98 98 from abroad.

Continuing Sickness Daily Allowance as an Individual

• If you live in Switzerland or Liechtenstein, you can transfer to Zurich's individual sickness insurance without a new medical examination. Your health and age when you joined the group plan are what count.
• Deadline: within 90 days of leaving, or of the end of benefit payments.
• Start: immediately after your group cover ends (for example, the day after you leave). The start date can't be changed, even if you sign the offer later.
• Benefits: the benefits insured at the time of transfer, under Zurich's individual terms and tariffs. Waiting periods over 30 days can be reduced to 30 days (mandatory if you are unemployed).
• Limits: the daily allowance is reduced if you work less or earn less. If you are unemployed, the most you can insure is your unemployment benefit (70% or 80% of your last salary). If you take unpaid leave or stop working without registering with unemployment insurance, the maximum is CHF 70 per day. If you become self-employed, the maximum is 80% of your last gross salary, up to CHF 400 per day.
• No transfer right if you move directly into a new employer's group insurance, once you draw or reach the age for an AHV old-age pension, or if your contract was for 3 months or less.
• When it ends: at the latest at the end of the insurance year in which you turn 65, or automatically if you move abroad. You can cancel it from the start date of a new job (overpaid premiums are refunded), or at the end of the third or any later insurance year with 3 months' notice.
• Cost: based on gender, daily allowance, waiting period and your age when you joined the group plan. Zurich's example for a woman earning CHF 60,000 (CHF 132/day, 30-day waiting period) ranges from about CHF 3,700 a year (joined at 20) to about CHF 9,400 a year (joined at 60).
• How to apply: download the quote request form for transferring to individual insurance from Zurich's documents page, or ask Zurich.
• A claim that is open when you leave continues to be paid by the group insurance. Once its maximum duration is used up, the individual insurance pays nothing further for the same case.

Your Pension

After you leave, you remain insured for death and disability until you join a new pension plan or for one month, whichever comes first. Leaving doesn't cancel your retirement savings; ask AXA about transferring them to your next employer's fund or a vested-benefits account.

---

Pension Fund Key Figures (2026)

Our pension plan is managed by the AXA LPP Foundation Suisse Romande, a semi-autonomous collective foundation. Each year our broker, Aon Switzerland, shares an information sheet with the fund's latest financial figures and upcoming changes. The highlights from the January 2026 edition are below; the full sheet is attached at the bottom of this section.

Fund Performance & Coverage Ratio

The coverage ratio compares the fund's assets to its obligations - the higher the ratio, the more stable and secure the pension fund.

Interest on Retirement Savings

The legal BVG minimum interest rate on mandatory retirement assets remains 1.25% for 2026.

Conversion Rates at Retirement

At retirement, your accumulated retirement capital is converted into a lifelong pension: retirement capital × conversion rate = annual pension.

• Favorable transitional provisions apply to insured persons born in 1964 or earlier.
• From 1 January 2029, a uniform conversion rate of 5.60% will apply to men and women aged 65 and over.
• Part or all of your retirement assets can still be paid out as a lump sum.

Other Swiss Social Insurance Changes for 2026

• 1st pillar (AHV): From December 2026, a 13th AHV old-age pension will be paid out for the first time.
• 2nd pillar (BVG): The minimum interest rate on mandatory retirement assets stays at 1.25%.
• 3rd pillar (3a): The maximum annual contribution remains CHF 7,258. From 1 January 2026 it is also possible to make up for incomplete 3a contributions to a certain extent. 📎 Full information sheet: AXA Pension Plan Information Sheet - January 2026 (Aon)

---

Need Help?

If you have questions about your Swiss pension, accident or sickness insurance coverage, please contact the Toku Benefits Team:

📧 benefits@toku.com