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Pensionskasse der Stadt Dübendorf
Pensionskasse der Stadt Dübendorf was established in 2013 as a private-law foundation to serve employees of the city administration and affiliated entities...
Pensionskasse der Stadt Dübendorf
Pensionskasse der Stadt Dübendorf was established in 2013 as a private-law foundation to serve employees of the city administration and affiliated entities like Glattwerk AG. It operates within Switzerland's second-pillar occupational pension system, providing mandatory and supplementary benefits for old age, death, and disability. The fund's governance sits with a Board of Trustees chaired by Martin Bäumle, a long-serving member of the Swiss National Council. The fund pursues a conservative asset allocation typical of Swiss public pension schemes, with a pronounced tilt toward domestic real estate. Its direct property holdings are concentrated in Dübendorf itself — the mixed-use building at Wangenstrasse 34/36/38 and the residential property at Wangenstrasse 36 form the core of its tangible portfolio, supplemented by a parking lot parcel and building rights on additional municipal land. The fund also allocates to alternative investments including commodities. It is a member of ASIP, the Swiss pension fund association, and regularly participates in the Swisscanto benchmarking study, which tracks cost and performance data across the national peer group. Total assets and professional headcount are not publicly disclosed. The fund's investment management appears to be overseen directly by the Board of Trustees rather than delegated to a standalone investment office — a structure common for smaller municipal pension schemes across Switzerland. What distinguishes the fund is its hyper-local asset footprint: unlike pooled multi-employer schemes that invest at national scale, Pensionskasse der Stadt Dübendorf concentrates its real estate investments within the municipality itself, creating a direct feedback loop between the pension obligations of city workers and the built environment they administer.
General information
Firm type
Pension Fund
Year founded
2013
Location
Region
Europe
Country
Switzerland
City
Dübendorf
Corporate office
Dübendorf, Switzerland
Principals
Martin Bäumle
President of the Board of Trustees
Sector focus
Frequently asked questions
Who oversees investment decisions at the Pensionskasse der Stadt Dübendorf?
The Board of Trustees holds fiduciary responsibility, with Martin Bäumle serving as President. Bäumle is also a member of the Swiss National Council, a dual role that ties the fund's governance directly to federal-level legislative insight. The board's composition reflects the municipal employers the fund serves, including the City of Dübendorf and Glattwerk AG.
What does the fund directly own in real estate?
The fund holds directly owned real estate in Dübendorf, including the mixed-use property at Wangenstrasse 34/36/38 and the residential building at Wangenstrasse 36. Additional land positions cover building rights and a parking lot. All holdings are concentrated in the municipality, providing a local, tangible asset base.
How does the Pensionskasse der Stadt Dübendorf participate in Swiss pension industry benchmarking?
The fund is a regular participant in the annual Swisscanto Pension Fund Study, which aggregates data from hundreds of Swiss pension institutions to produce comparative performance and asset-allocation analysis. This participation provides the board with external reference points for its strategy.
Which employers are affiliated with the pension scheme?
The primary employer is the City of Dübendorf administration. Glattwerk AG is also listed as an affiliated employer contributing to the scheme. The fund insures these workers against old age, death, and invalidity under the Swiss second-pillar framework.
What alternative asset classes does the fund allocate to beyond real estate?
Beyond direct real estate, the fund's disclosed holdings include a commodities allocation documented as Alternative Anlagen (Rohstoffe). This suggests exposure to raw-materials markets, though the specific instruments or vehicles are not publicly detailed.
Is the Pensionskasse der Stadt Dübendorf a single-employer or multi-employer scheme?
It is primarily a single-employer scheme for the City of Dübendorf, though Glattwerk AG is an affiliated contributing entity. This makes it a tightly bounded municipal pension fund rather than a broad industry-wide or open multi-employer pool common elsewhere in the Swiss system.
How is the fund regulated?
The Pensionskasse der Stadt Dübendorf is a private-law foundation subject to Swiss federal pension legislation (BVG) and oversight by the relevant cantonal and federal supervisory bodies for occupational benefit schemes. Its governance is also influenced by its membership in the Swiss Pension Fund Association (ASIP), which sets industry standards.
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