Pension Calculators: How Employers Can Strengthen the Dialogue on Pension Planning

As Chairman of the Board of Trustees of Tellco pk, I frequently observe that employees are not lacking in interest. The willingness to engage with their own pension provision is there. Yet the complexity is off-putting. Technical terms, calculations, and tax implications are often difficult to grasp. As a result, many decisions remain unreviewed or are postponed, even though they may have long-term financial consequences. It is therefore important to create the right framework to enable well-informed and carefully prepared decisions, without overwhelming employees.

Online Calculators – Practical and Detailed

When it comes to financial questions about pension planning, a simple information sheet is often not enough. What is needed are tools that clearly present the individual implications.

Online calculators are proven tools that integrate discreetly and seamlessly into a company’s existing information practices. They give employees the opportunity to independently gain an understanding of their personal situation. Particularly valuable is the fact that the calculators take into account various scenarios and details that are decisive in practice – from tax-optimised staggering of capital withdrawals and cantonal tax comparisons to legal frameworks. As we know, the devil is in the detail. In this case, these details are conveyed in a simple, transparent and comprehensible way. In this way, the tools create a solid basis for discussions and decisions.

Tangible Benefits for Employers

Employers also gain clear advantages. They can make the dialogue on pensions easier and at the same time reduce the need for advisory effort. Employees who have familiarised themselves with the calculators in advance come to discussions better prepared, ask more targeted questions and are able to make informed decisions.

Tellco has recognised the need for clear, individual pension information and has developed calculators that are simple and anonymous to use. The Tellco online calculators – whether for occupational pension schemes, Pillar 3a or vested benefits – are designed to provide this initial orientation. They support employers in offering their employees a modern and helpful information service – whether on the intranet, at information events or in one-to-one conversations.

For employees whose first language is not the company language, language barriers can present an additional hurdle. The Tellco online calculators are therefore available in a total of nine languages – in addition to German, French, Italian and English, they are now also available in Portuguese, Spanish, Albanian, Serbo-Croatian and Turkish. This ensures that as many employees as possible can benefit from the advantages of these tools.

Those who know these tools and actively draw attention to them not only strengthen their employees’ sense of personal responsibility, but also their own position as a committed and forward-thinking employer.