Caisse de Pensions de la Republique et Canton du Jura (CPJU)

CPJU administers a mandatory occupational pension plan under Switzerland's second pillar, structured as a defined-contribution scheme for public-sector employees of the Canton of Jura and its municipalities. The plan is governed by cantonal pension law, with employer and employee contributions set by statute rather than negotiated contract. As a public-law entity, CPJU's benefit parameters and funding ratio targets are defined by cantonal regulation.

Investment governance rests with a board composed of equal numbers of employer and employee representatives, as is standard for Swiss public-law pension funds. The board sets strategic asset allocation and selects external asset managers for each mandate. Day-to-day management is typically delegated to a small internal investment team or outsourced to an external investment advisor, with Swiss equities, bonds, real estate, and occasionally private assets handled by distinct institutional managers.

Like most Swiss cantonal pension funds of its size, CPJU invests almost entirely through external institutional mandates rather than making direct investments. The fund selects managers for public equity, fixed income, and real estate sleeves, monitoring performance against benchmarks set by the board. Direct investments or co-investments are not typical for a fund of this structure and scale.

CPJU is an independent public-law institution established by the Canton of Jura to manage occupational pension obligations for cantonal employees. While legally autonomous, the fund's governance, funding parameters, and benefit rules are set by cantonal legislation. The canton acts as the primary employer-sponsor, with municipal governments participating as affiliated employers. The fund is not part of the canton's general budget and has its own balance sheet.

Swiss pension funds of CPJU's type typically hold 15–25% of assets in real estate, heavily weighted toward domestic Swiss property. Allocations are implemented through Swiss real estate funds, direct ownership of properties, or mandates with institutional real estate managers. Given the fund's location in Porrentruy, local real estate exposure may include administrative or residential properties in the Jura region, though the portfolio would primarily track national Swiss real estate market returns.

CPJU has not published a recent AUM figure through a public annual report or website. Similar Swiss cantonal pension funds with a population base the size of Jura typically oversee CHF 1.5 billion to CHF 2 billion in total assets. Exact figures may be available in annual cantonal financial disclosures or pension fund supervisory filings, but are not surfaced in accessible public materials.

CPJU operates under Swiss federal law governing occupational pensions (BVG/LPP) and cantonal legislation specific to the Jura pension fund. Oversight is provided by the Swiss Federal Social Insurance Office and a cantonal supervisory body. The fund must comply with BVV 2 investment regulations, which set limits on asset class exposure, and with Swiss GAAP FER 26 accounting standards for pension funds.