Kantonale Pensionskasse Schaffhausen

Kantonale Pensionskasse Schaffhausen

Kantonale Pensionskasse Schaffhausen is an independent public-law institution established to provide occupational benefits for employees of the Canton of Schaffhausen and affiliated public-sector employers. Governed by a bipartite board with equal employer and employee representation, the fund operates under Switzerland's three-pillar system, delivering mandatory and supplementary pension coverage to a closed membership of cantonal administration staff, teachers, and municipal workers. The fund's investment strategy reflects a conservative Swiss public-pension posture with significant home bias. Core allocations span domestic real estate, Swiss-franc-denominated bonds, and a mortgage portfolio concentrated in the Schaffhausen region. Direct property holdings include residential developments — the Lerchenweg 10–40 complex in Kloten, Zurich, and the Haagerstrasse project in Salez, St. Gallen — alongside mixed-use assets across Switzerland. The mortgage book extends credit to local homeowners, creating a structural link between the pension pool and the canton's housing market. Global equities and fixed-income complement the domestic core, though specific mandates remain unpublished. PKSH participates in the Ethos Engagement Pool and has joined Climate Action 100+, signaling a tilt toward stewardship-led responsible investment rather than exclusionary screening. Dino Tamagni assumed the presidency of the Verwaltungskommission for the 2025–2028 term, succeeding Dr. Pablo Zarotti who led the board during 2023–2024. The fund maintains membership in ASIP, the Swiss pension fund association, and collaborates with SVVK-ASIR on responsible investment standards. Oliver Diethelm serves as Managing Director, overseeing a lean administrative team embedded in Schaffhausen's cantonal government structure. The fund's structural differentiator is its mortgage-lending arm — an uncommon feature among Swiss cantonal pension schemes — which transforms member contributions into a local housing-finance engine. This closed-loop architecture aligns the pension promise with the tangible asset base of the community it serves, insulating the fund from the intermediary costs that burden pooled multi-employer schemes.