Triple C Plan Bonus: Overview

Bonus rates are announced in December.

The Triple C Plan bonus is made up of two components, the guaranteed bonus and additional bonus. The guaranteed bonus varies from currency to currency and also depends on the date the Plan was started and/or the date the Plan premiums were paid to Nordben.

Bonuses once declared are guaranteed in full.

Bonus rates are not expected, necessarily, to remain at constant levels from year to year. With the exception of Swiss Francs, the target bonus (to include both guaranteed bonus and additional bonus) is 1% plus price inflation in the relevant currency for the period September to September. The target bonus for Swiss Francs is inflation for the period September to September. This is a target and not a guarantee as the bonus could be higher or lower.  The bonus target may change over time.

The bonus rates are ratified each year following the results of the annual actuarial valuation.