In 1897, the shareholders set aside CHF 400,000 at the suggestion of the Board of Directors, creating a pension and welfare pool, but not a true pension fund. The amount invested therefore remained in the bank’s ownership, and grew steadily. In 1906, an attempt was made to establish an insurance provider. However, the fund’s net assets of CHF 1.5 mn did not suffice to provide the actuarial provisions required for the 545 employees working at the company at the time.
# | Location | Address | |
---|---|---|---|
1. | Zürich, ZH, Switzerland | 8045 Zürich, Switzerland |
# | Contact Info | Location |
---|