EX-10.31




 Exhibit 10.31 
 GEMINI 
 Sammelstiftung zur Förderung der Personalvorsorge 

Supplementary Pension Plan of Novelis1) 
  

 
 Pension plan valid as of 1 January 2012

  

	1)	 including Novelis
Switzerland SA and Novelis AG 












			
	GEMINI Sammelstiftung	 	Supplementary Insurance Plan of Novelis


 

 Scope of pension plan 
 In addition to the General Framework Regulations (GFR) of the GEMINI Sammelstiftung zur Förderung der Personalvorsorge of 9 February 2006, valid as of 1 January 2006, the following detailed
provisions shall apply in compliance with the minimum terms as specified by the LOB: 
  

			
	Art. 1	  	Admission to the insurance
		
	Admission in the pre- and principle insurance	  	1 All employees of the company who enter an employment relationship and who earn an annual salary which exceeds the minimum income for enrolment of 6/8 of the maximum OASI retirement pension (CHF
20’880, as at 1 January 2012) must join the Supplementary Insurance Plan on commencement of their employment relationship. Admission to the pre-insurance occurs upon completion of the 17th year of age, and admission to the principle insurance
upon completion of the 24th year of age.
		
	Medical examination	  	2 Potential employees have to submit a declaration of health. On the basis of these facts the Foundation’s administrative office may request that, at the pension fund’s expense, the employees
concerned undergo a medical examination by the Foundation’s appointed medical examiner.
		
	Limiting condition	  	3 If the medical examination reveals an increased risk, the administrative office can, on the recommendation of the appointed medical examiner, make a time-limited health reservation on the risk
benefits.
		
	Art. 2	  	Insured annual salary
		
	Annual salary	  	1 The annual salary equals the fixed annual salary subject to OASI in accordance with the Swiss Federal law governing retirement and survivors’ pension plans, plus regular allowances. The company
informs GEMINI of the respective salary amount. Family and child allowances as well as allowances of a non-recurrent or temporary nature are not considered. In the case of insured persons whose degree of employment and income fluctuate
substantially, the average relevant annual salary of the respective occupational category is decisive. It is limited to a maximum of CHF 835’200 (thirty times the maximum OASI retirement pension, as at 1 January 2012).
		
	Coordination offset	  	2 The coordination offset corresponds to six times the maximum OASI retirement pension (CHF 167’040, as at 1 January 2012).
		
	Insured annual salary	  	3 The insured annual salary corresponds to that part of the annual salary that exceeds the coordination offset.
		
	Art. 3	  	Contributions / purchase of additional benefits
		
	Total contribution	  	1 The total contribution is made up of the savings contributions and the additional contributions.
		
	Savings contributions	  	2 The savings contributions are used for building the retirement savings assets.


  

			
	Pension plan valid as of 1 January 2012	 	2












			
	GEMINI Sammelstiftung	 	Supplementary Insurance Plan of Novelis


 


			
	Additional contributions	  	3 The additional contributions are used to finance the risks of death, disability and longevity, as well as the administrative and other costs of the Pension Fund and the Foundation.
		
	Amount of contribution	  	4 The amount of the employer’s and insured person’s contributions is determined as follows:

  

																									
	 	  	Contributions in % of insured annual salary	 
	Age	  	 Savings
 contributions
	 	  	 Additional
 contributions
	 	  	Total	 
	 	  	Employee	 	  	Employer	 	  	Employee	 	  	Employer	 	  	Employee	 	  	Employer	 
	18 – 24	  	 	—  	  	  	 	—  	  	  	 	1.84	  	  	 	3.69	  	  	 	1.84	  	  	 	3.69	  
	25 – 34	  	 	5.0	  	  	 	8.0	  	  	 	1.84	  	  	 	3.69	  	  	 	6.84	  	  	 	11.69	  
	35 – 44	  	 	5.0	  	  	 	13.0	  	  	 	1.84	  	  	 	3.69	  	  	 	6.84	  	  	 	16.69	  
	45 – 54	  	 	5.0	  	  	 	18.0	  	  	 	1.84	  	  	 	3.69	  	  	 	6.84	  	  	 	21.69	  
	       55 – 65 / 64	  	 	5.0	  	  	 	23.0	  	  	 	1.84	  	  	 	3.69	  	  	 	6.84	  	  	 	26.69	  

  

			
	Payroll deductions	  	5 The employer is liable to the Foundation for the total contributions. The employer deducts the employee’s contribution from their salary. The additional contributions and the savings contributions
must be transferred to the Foundation on a monthly basis. If the employer is in arrears, the Foundation will demand an appropriate arrears interest.
		
	Exemption from payment of contributions	  	6 If an insured person is permanently unable to work due to sickness or accident for more than 3 months, the contributions paid by the insured person or the employer are reduced as of the 4th month in
accordance with the degree of disability taken as a basis for assessing the disability income.
		
	Purchase of maximum benefits	  	7 An active insured person who does not achieve the maximum benefits may purchase additional occupational benefits at any time, if in full-time employment and before an insured event occurs. If the insured
person has vested benefit savings that they did not need to transfer or if they have drawn prepayments for the purchase of owner-occupied residential property, the maximum purchase amount is reduced by these sums. The calculation of the possible
purchase amount is provided in Appendix 1.
		
	Purchase to compensate for the effects of early retirement	  	8 If an active insured person has fully purchased the missing occupational benefits in accordance with para. 7 they can additionally purchase a part of the reduction in pension benefits for early
retirement. The calculation of the possible purchase amount is provided in Appendix 2. The savings capital exceeding the maximum possible amount of the savings capital according to para 7, is to
charge.


  

			
	Pension plan valid as of 1 January 2012	 	3












			
	GEMINI Sammelstiftung	 	Supplementary Insurance Plan of Novelis


 


			
	Continued employment following purchase for early retirement	  	
9 At the point where the retirement benefits for early retirement would be 5% higher than those with no purchase, taking into account the purchase amounts made, the following measures come into
force:
  

a.      the employer and employee stop paying contributions, with the exception of
contributions for financial restructuring measures
  
 b.      the conversion rate valid at that time and the savings capital are frozen.

		
	Restrictions	  	10 If purchases have been made, the resulting benefits may not be withdrawn as a lump sum in the following three years. If withdrawals were made for the purchase of owner-occupied residential property,
voluntary purchases up to three years before retirement age may only be made once the prepayments have been repaid.
		
	Tax deduction	  	11 The insured person must themselves verify with the relevant authorities whether the voluntary purchase may be set off against tax.
		
	Art. 4	  	Entry benefit
		
	Entry benefit	  	1 Termination benefits of previous employee benefits institutions, including funds from vested benefit accounts, vested benefit custody accounts or vested benefit policies, must be paid into the pension
fund as lump-sum entry benefits. The entire amount is credited to the personal retirement savings assets as at the date of the transfer. The pension fund is entitled to request a confirmation by the insured person acknowledging the complete transfer
of all termination benefits.
		
	Art. 5	  	Savings capital and special savings account
		
	Retirement savings assets	  	1 Retirement savings capital, which is made up of the employee’s personal savings assets and the employer’s savings capital, is accrued for every insured person. It is created from the normal
savings contributions, from interest, and from the termination benefits transferred from previous employee benefits relationships.
		
	Special savings accounts	  	2 The special savings accounts “Maximum purchase of benefits” “Purchase to compensate for the effects of early retirement” and “Purchase of OASI bridging pension” are created
by individual special savings deposits and interest.
		
	Retirement capital	  	3 The retirement capital correspond to the savings capital available and the savings capital accrued in the special savings account “Maximum purchase of benefits” upon reaching the age of
retirement.
		
	Rate of interest	  	4 The rate of interest earned on the savings capital and the special savings accounts for the business year just ended is determined annually by the pension fund committee based on the financial
situation.
		
	Art. 6	  	Retirement benefits
		
	Normal retirement age	  	1 Normal retirement age is reached on the first of the month following completion of the 65th year of age for men and the 64th year of age for
women.


  

			
	Pension plan valid as of 1 January 2012	 	4












			
	GEMINI Sammelstiftung	 	Supplementary Insurance Plan of Novelis


 


			
	Entitlement to retirement benefits	  	2 Upon reaching the normal retirement age, the insured person is entitled to a life-long retirement pension.
		
	Amount of retirement pension	  	3 The amount of the annual retirement pension is calculated based on the existing retirement savings assets plus the savings capital in the special savings account “Purchase of maximum benefits”,
by means of conversion with the corresponding conversion rate.
		
	Conversion rates	  	4 The conversion rates are currently determined as follows (interim values are interpolated on a straight-line basis):

  

											
	conversion rate in %	 
	Age	 	  	Men	 	  	Women	 
	 	65	  	  	 	6.40	  	  	 	6.58	  
	 	64	  	  	 	6.22	  	  	 	6.40	  
	 	63	  	  	 	6.04	  	  	 	6.22	  
	 	62	  	  	 	5.86	  	  	 	6.04	  
	 	61	  	  	 	5.70	  	  	 	5.86	  
	 	60	  	  	 	5.54	  	  	 	5.70	  
	 	59	  	  	 	5.38	  	  	 	5.54	  
	 	58	  	  	 	5.26	  	  	 	5.38	  

  

			
		  	The conversion rates can be adjusted annually to the changed situation as per 1 January each year. Therefore there is no entitlement to the retirement benefits quoted
previously.
		
	Entitlement to retired person’s children’s benefit	  	5 Recipients of a retirement pension are entitled to retired person’s children’s benefit from the age of retirement for every child who would be entitled to orphan’s benefit in the event of
their death.
		
	Amount of the retired person’s children’s benefit	  	6 The annual retired person’s children’s benefit corresponds to 20% of the current retirement pension for each entitled child.
		
	Early retirement	  	7 Early retirement is possible following completion of the 58th year of age. The amount of the annual retirement pension corresponds to the retirement savings assets at the time of early retirement, plus
the savings capital in the special savings account “Purchase of maximum benefits” plus the savings capital in the special savings account “Purchase to compensate for the effects of early retirement”, converted using the
appropriate conversion rate.
		
	Capitalisation of the retirement pension	  	8 The insured person may withdraw all or part of the retirement capital as cash instead of drawing a pension. Such a lump-sum withdrawal results in a corresponding reduction in retirement pension and the
co-insured benefits. By withdrawing the retirement capital all the corresponding regulatory claims are compensated. The savings capital in the special savings accounts that is not required is also paid out. A corresponding written application for
capitalisation (see Appendix 3) must be filed no later than six months before the normal age of retirement is reached or no later than six months before any early retirement.


  

			
	Pension plan valid as of 1 January 2012	 	5












			
	GEMINI Sammelstiftung	 	Supplementary Insurance Plan of Novelis


 


			
	Art. 7	  	Disability benefits
		
	Entitlement to disability income	  	1 Insured persons with a disability degree of at least 70% according to the DI are entitled to full disability income. If the disability degree is at least 60%, the insured person is entitled to a
three-quarter pension, if it is at least 50%, a half pension, and if it is at least 40%, a quarter pension. If the degree of disability is less than 40%, no disability income can be claimed.
		
	Waiting period	  	2 Disability income starts once earning incapacity has lasted 24 months, and once all entitlement to any daily allowances has expired at the earliest.
		
	Level of disability income	  	3 Temporary disability income is based on the level of earning incapacity. In the event of full disability the annual disability income corresponds to 60% of the insured annual salary.
		
	Entitlement to disabled person’s children’s benefit	  	4 Recipients of disability income are entitled to disabled person’s children’s benefit for every child who would be entitled to orphan’s benefit in the event of their death, until they
complete their 18th year of age, or 25th year of age if in education.
		
	Amount of disabled person’s children’s benefit	  	
5 The annual disabled person’s children’s benefit corresponds to 7% of the insured annual salary for each entitled child.

 
 In the case of partial disability, the amount of the disabled person’s
children’s benefit is determined according to the level of earning incapacity.

		
	Art. 8	  	Death benefits
		
	Entitlement to spouse’s pension	  	1 The spouse of a deceased insured person or recipient of benefits is entitled to a spouse’s pension.
		
	Amount of spouse’s pension	  	2 In the event of the death of the insured person prior to retirement age, the annual spouse’s pension corresponds to 30% of the insured annual salary. In the event of the death of the insured person
following retirement age, the annual spouse’s pension corresponds to 60% of the current retirement pension.
		
	Single settlement	  	3 The pension expires in the event of remarriage before completion of the 45th year of age for widows or widowers, and a single settlement amounting to three annual pensions becomes due.
		
	Capitalisation of the spouse’s pension	  	4 The spouse’s pension can also be withdrawn in capital form. The lump-sum settlement is determined in the General Framework Regulations.
		
	Unmarried partner’s pension	  	5 Within the provisions determined by the general framework regulations, the designated life partner of the insured person (same or opposite sex) is entitled to a survivor’s pension, corresponding in
amount to the spouse’s pension, or to a single settlement, insofar as the statutory entitlement requirements have been fulfilled.
		
	Pension for divorced spouses	  	6 The divorced spouse is entitled to a spouse’s pension in the amount of the LOB widow’s/widower’s pension, if
		
		  	 a.      they were granted a pension or lump-sum settlement for a life-long pension in the divorce
decree and

		
		  	 b.      the marriage lasted at least 10 years and

		
		  	 c.      they are responsible for the support of one or more children or they have completed
their 45th year of age.



  

			
	Pension plan valid as of 1 January 2012	 	6












			
	GEMINI Sammelstiftung	 	Supplementary Insurance Plan of Novelis


 


			
	Entitlement to orphan’s benefit	  	7 The children of a deceased insured person or recipient of benefits are entitled to orphan’s benefits until completion of their 18th and/or 25th (if still in education) year of age.
		
	Amount of orphan’s benefit	  	8 The annual orphan’s benefit for each entitled child corresponds to 7% of the insured annual salary or 20% of the current retirement pension, which is doubled for full-orphans.
		
	Entitlement to lump-sum death benefit	  	
9 If an insured person dies before receiving a retirement pension, an entitlement to a lump-sum death benefit is created. Survivors are entitled in the following order, independent of inheritance
law:
  

a.      the spouse; in the absence of whom

 
 b.      the
children and/or foster and step-children of the deceased person who are entitled to orphan’s benefit; in the absence of whom
  

c.      natural persons, who were supported to a major degree by the insured person
at the time of their death, or the person with whom the insured deceased person had been living in a permanent marriage-like relationship during the last five years, or who is responsible for the support of one or more joint children; in the absence
of whom
  

d.      the children, insofar as they are not included under b.; in the absence of
whom
  

e.      the parents and brothers and sisters; in the absence of whom

 

f.       other remaining legal heirs.

		
	Amount of lump-sum death benefit	  	
10 The lump-sum death benefit corresponds to the savings capital available at the time of death for groups a. to e., and for group f it corresponds to the personal retirement savings assets, but at least
half of the savings capital. The lump-sum death benefit is reduced by the cash value of all pensions and settlements that are created by the death.
  

The savings capital in the special savings accounts “Bonus payments”, “Purchase of maximum benefits”, “Purchase to compensate for
the effects of early retirement” and “Purchase of OASI bridging pension” are paid out to all the groups of persons as additional lump-sum death benefit.

		
	Additional lump-sum death benefit	  	11 In the case of insured persons entitled to spouse’s or unmarried partner’s pension, the additional lump-sum death capital corresponds to 100% of the annual salary. It is paid in full with the
spouse’s or unmarried partner’s pension. Paragraph 9 above applies mutatis mutandis to the entitlement.
		
	Declaration	  	12 The insured person may specify in a written declaration for the attention of the pension fund committee (see Appendix 4), which persons within an entitled group are to be given priority, and what
portions of the lump-sum death benefit they are entitled to.
		
	Art. 9	  	Coordination of benefits
		
	Reductions in benefits	  	
1 The benefits according to this pension plan are reduced, insofar as they exceed, together with other eligible income, 90% of the last annual salary before the insured event occurred.

 
 The benefits under these Regulations are paid independent of the benefits under the
Federal Law on Accident Insurance (UVG) or the Federal Law on Military Insurance (MVG).



  

			
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	GEMINI Sammelstiftung	 	Supplementary Insurance Plan of Novelis


 


			
	Art. 10	  	Withdrawal benefit
		
	Withdrawal benefit	  	1 The withdrawal benefit corresponds to the retirement savings assets available at the date of departure, plus the savings capital from the special savings accounts. The minimum benefits in accordance with
the LOB and Art. 17 FLV are observed.
		
	Art. 11	  	Early withdrawal or pledging to finance owner-occupied residential property
		
	Early withdrawal or pledging	  	1 The insured person may withdraw or pledge an amount equal to their termination benefit, up until their 50th year of age. If the insured person has exceeded the age of 50, they may claim, at most, the
amount they were entitled to at the age of 50, or half of their termination benefits at the time the funds are withdrawn.
		
	Consequences	  	2 An early withdrawal or sale or other disposition of pledge shall result in a reduction of the special retirement savings assets and/or the retirement savings assets and, possibly, also in a reduction of
the risk benefits. At the insured person’s request the administrative office arranges additional insurance to cover any resulting benefit gaps.
		
	Voluntary repayment	  	3 Up to three years before retirement age, an active insured person may repay the withdrawn amount in full or in part (minimum amount CHF 20,000).
		
	Art. 12	  	Divorce
		
	Divorce	  	1 If, in the event of divorce and pursuant to a court decision, part of an insured person’s termination benefits is transferred to the employee benefits institution of the divorced spouse, the
retirement savings assets and the special retirement savings assets are reduced accordingly.
		
	Re-purchase	  	2 The obliged spouse may re-purchase the benefits within the scope of the termination benefits transferred.
		
	Art. 13	  	Information
		
	Information	  	1 The GEMINI Sammelstiftung informs its insured persons annually of their entitlements to benefits and the balance of their savings capital within the parameters of the legal requirements.
		
	Art. 14	  	Entry into force, approval
		
	Entry into force	  	1 This pension plan entered into force on 1 January 2012 and replaces all previous provisions. Legally binding for beneficiaries is the German pension plan only.
		
	Approval	  	2 The pension fund committee has taken note of the General Framework Regulations and has checked the current pension plan and has approved both documents.

  

			
	Zurich, 20th February 2012	  	GEMINI Sammelstiftung
		  	zur Förderung der Personalvorsorge
		
		  	The Foundation Board


  

			
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	GEMINI Sammelstiftung	 	Supplementary Insurance Plan of Novelis


 


	Appendix 1	Purchase of additional insurance benefits 


The maximum possible purchase corresponds to the amount (in percentage of annual insured salary) in accordance with the following table, less the
retirement savings assets available, the savings capital in the special savings account “Purchase of maximum benefits”, funds from vested benefit accounts and/or custody accounts or vested benefit policies as well as any early withdrawals,
or surplus pension funds from Pillar 3a. 
  

															
	 Age at

purchase
	 	  	Maximum possible retirement savings capital in % of
the insured annual
salary	 	  	Age at
purchase	 
	 	 	  	Men and woman	 	  	Men and woman	 	  	 	 
				
	 	26	  	  	 	13	  	  	 	364	  	  	 	46	  
	 	27	  	  	 	26	  	  	 	390	  	  	 	47	  
	 	28	  	  	 	39	  	  	 	417	  	  	 	48	  
	 	29	  	  	 	53	  	  	 	444	  	  	 	49	  
	 	30	  	  	 	66	  	  	 	472	  	  	 	50	  
	 	31	  	  	 	80	  	  	 	499	  	  	 	51	  
	 	32	  	  	 	94	  	  	 	527	  	  	 	52	  
	 	33	  	  	 	108	  	  	 	555	  	  	 	53	  
	 	34	  	  	 	122	  	  	 	584	  	  	 	54	  
	 	35	  	  	 	136	  	  	 	612	  	  	 	55	  
	 	36	  	  	 	155	  	  	 	646	  	  	 	56	  
	 	37	  	  	 	175	  	  	 	680	  	  	 	57	  
	 	38	  	  	 	194	  	  	 	715	  	  	 	58	  
	 	39	  	  	 	214	  	  	 	750	  	  	 	59	  
	 	40	  	  	 	234	  	  	 	785	  	  	 	60	  
	 	41	  	  	 	255	  	  	 	821	  	  	 	61	  
	 	42	  	  	 	275	  	  	 	857	  	  	 	62	  
	 	43	  	  	 	296	  	  	 	893	  	  	 	63	  
	 	44	  	  	 	317	  	  	 	930	  	  	 	64	  
	 	45	  	  	 	338	  	  	 	967	  	  	 	65	  

 Interim values are interpolated on a straigt-line basis 

 

							
	 Model example
	  		  			
	 - Age (man)
	  		  	 	52 years	  
	 - Insured annual salary
	  	CHF	  	 	40’000	  
	 - Balance of retirement savings capital
	  	CHF	  	 	110’000	  
	 - Maximum amount (527%*40000)
	  	CHF	  	 	210’800	  
	 - Possible purchase (210800-110000)
	  	CHF	  	 	100’800	  

 The insured person is responsible for clarifying whether the purchases may be offset against tax with the relevant tax
authority. 

  

			
	Pension plan valid as of 1 January 2012	 	 Appendix













			
	GEMINI Sammelstiftung	 	Supplementary Insurance Plan of Novelis


 


	Appendix 2	Purchase to compensate for the effects of early retirement 

 The maximum possible purchase in the special savings account “Purchase to compensate for the effects of early retirement” according to the retirement age selected, corresponds to the amount (in
% of the annual insured salary) in accordance with the table, but at most the remaining purchase potential, less the remaining retirement savings assets following “Purchase of maximum benefits” and the retirement savings assets already
accrued in the special savings account. 
  

																																			
	 Age at purchase
	 	  	Maximum possible savings capital in special savings account in
% of annual insured salary	 
	 Men
	 	  	women	 	  	Men and women	 
	normal retirement age	 	  	Early retirement age	 
									
	 	65	  	  	 	64	  	  	 	64	  	 	 	63	  	 	 	62	  	 	 	61	  	 	 	60	  	 	 	59	  	 	 	58	  
	  
	  
	 	  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 	26	  	  	 	25	  	  	 	1	% 	 	 	3	% 	 	 	4	% 	 	 	6	% 	 	 	8	% 	 	 	10	% 	 	 	12	% 
	 	27	  	  	 	26	  	  	 	3	% 	 	 	6	% 	 	 	9	% 	 	 	12	% 	 	 	16	% 	 	 	20	% 	 	 	24	% 
	 	28	  	  	 	27	  	  	 	4	% 	 	 	9	% 	 	 	14	% 	 	 	19	% 	 	 	24	% 	 	 	30	% 	 	 	36	% 
	 	29	  	  	 	28	  	  	 	6	% 	 	 	12	% 	 	 	18	% 	 	 	25	% 	 	 	32	% 	 	 	41	% 	 	 	48	% 
	 	30	  	  	 	29	  	  	 	7	% 	 	 	15	% 	 	 	23	% 	 	 	31	% 	 	 	41	% 	 	 	51	% 	 	 	61	% 
	 	31	  	  	 	30	  	  	 	8	% 	 	 	18	% 	 	 	28	% 	 	 	38	% 	 	 	49	% 	 	 	61	% 	 	 	73	% 
	 	32	  	  	 	31	  	  	 	10	% 	 	 	21	% 	 	 	32	% 	 	 	45	% 	 	 	58	% 	 	 	72	% 	 	 	86	% 
	 	33	  	  	 	32	  	  	 	11	% 	 	 	24	% 	 	 	37	% 	 	 	51	% 	 	 	66	% 	 	 	83	% 	 	 	99	% 
	 	34	  	  	 	33	  	  	 	13	% 	 	 	27	% 	 	 	42	% 	 	 	58	% 	 	 	75	% 	 	 	93	% 	 	 	112	% 
	 	35	  	  	 	34	  	  	 	14	% 	 	 	30	% 	 	 	47	% 	 	 	65	% 	 	 	84	% 	 	 	104	% 	 	 	125	% 
	 	36	  	  	 	35	  	  	 	16	% 	 	 	33	% 	 	 	52	% 	 	 	71	% 	 	 	92	% 	 	 	115	% 	 	 	138	% 
	 	37	  	  	 	36	  	  	 	17	% 	 	 	36	% 	 	 	57	% 	 	 	78	% 	 	 	101	% 	 	 	127	% 	 	 	151	% 
	 	38	  	  	 	37	  	  	 	19	% 	 	 	40	% 	 	 	62	% 	 	 	85	% 	 	 	110	% 	 	 	138	% 	 	 	164	% 
	 	39	  	  	 	38	  	  	 	21	% 	 	 	43	% 	 	 	67	% 	 	 	92	% 	 	 	119	% 	 	 	149	% 	 	 	178	% 
	 	40	  	  	 	39	  	  	 	22	% 	 	 	46	% 	 	 	72	% 	 	 	99	% 	 	 	129	% 	 	 	160	% 	 	 	192	% 
	 	41	  	  	 	40	  	  	 	24	% 	 	 	49	% 	 	 	77	% 	 	 	106	% 	 	 	138	% 	 	 	172	% 	 	 	205	% 
	 	42	  	  	 	41	  	  	 	25	% 	 	 	53	% 	 	 	83	% 	 	 	114	% 	 	 	147	% 	 	 	184	% 	 	 	219	% 
	 	43	  	  	 	42	  	  	 	27	% 	 	 	56	% 	 	 	88	% 	 	 	121	% 	 	 	157	% 	 	 	195	% 	 	 	233	% 
	 	44	  	  	 	43	  	  	 	29	% 	 	 	60	% 	 	 	93	% 	 	 	128	% 	 	 	166	% 	 	 	207	% 	 	 	248	% 
	 	45	  	  	 	44	  	  	 	30	% 	 	 	63	% 	 	 	99	% 	 	 	136	% 	 	 	176	% 	 	 	219	% 	 	 	262	% 
	 	46	  	  	 	45	  	  	 	32	% 	 	 	67	% 	 	 	104	% 	 	 	143	% 	 	 	185	% 	 	 	231	% 	 	 	276	% 
	 	47	  	  	 	46	  	  	 	34	% 	 	 	70	% 	 	 	110	% 	 	 	151	% 	 	 	195	% 	 	 	244	% 	 	 	291	% 
	 	48	  	  	 	47	  	  	 	35	% 	 	 	74	% 	 	 	115	% 	 	 	158	% 	 	 	205	% 	 	 	256	% 	 	 	306	% 
	 	49	  	  	 	48	  	  	 	37	% 	 	 	77	% 	 	 	121	% 	 	 	166	% 	 	 	215	% 	 	 	269	% 	 	 	321	% 
	 	50	  	  	 	49	  	  	 	39	% 	 	 	81	% 	 	 	127	% 	 	 	174	% 	 	 	225	% 	 	 	281	% 	 	 	336	% 
	 	51	  	  	 	50	  	  	 	41	% 	 	 	85	% 	 	 	132	% 	 	 	182	% 	 	 	235	% 	 	 	294	% 	 	 	351	% 
	 	52	  	  	 	51	  	  	 	42	% 	 	 	88	% 	 	 	138	% 	 	 	190	% 	 	 	246	% 	 	 	307	% 	 	 	366	% 
	 	53	  	  	 	52	  	  	 	44	% 	 	 	92	% 	 	 	144	% 	 	 	198	% 	 	 	256	% 	 	 	320	% 	 	 	382	% 
	 	54	  	  	 	53	  	  	 	46	% 	 	 	96	% 	 	 	150	% 	 	 	206	% 	 	 	267	% 	 	 	333	% 	 	 	397	% 
	 	55	  	  	 	54	  	  	 	48	% 	 	 	100	% 	 	 	156	% 	 	 	214	% 	 	 	277	% 	 	 	346	% 	 	 	413	% 
	 	56	  	  	 	55	  	  	 	50	% 	 	 	103	% 	 	 	162	% 	 	 	222	% 	 	 	288	% 	 	 	359	% 	 	 	429	% 
	 	57	  	  	 	56	  	  	 	51	% 	 	 	107	% 	 	 	168	% 	 	 	231	% 	 	 	299	% 	 	 	373	% 	 	 	445	% 
	 	58	  	  	 	57	  	  	 	53	% 	 	 	111	% 	 	 	174	% 	 	 	239	% 	 	 	310	% 	 	 	386	% 	 	 	461	% 
	 	59	  	  	 	58	  	  	 	55	% 	 	 	115	% 	 	 	180	% 	 	 	247	% 	 	 	321	% 	 	 	400	% 	 			
	 	60	  	  	 	59	  	  	 	57	% 	 	 	119	% 	 	 	186	% 	 	 	256	% 	 	 	332	% 	 				 			
	 	61	  	  	 	60	  	  	 	59	% 	 	 	123	% 	 	 	193	% 	 	 	265	% 	 				 				 			
	 	62	  	  	 	61	  	  	 	61	% 	 	 	127	% 	 	 	199	% 	 				 				 				 			
	 	63	  	  	 	62	  	  	 	63	% 	 	 	131	% 	 				 				 				 				 			
	 	64	  	  	 	63	  	  	 	65	% 	 				 				 				 				 				 			

 Example: purchase serves as a buy-back of reductions in pension benefit 

 

											
	 Man, 52 years, insured annual salary
	  				 	CHF	  	 	40’000	  
	 Required early retirement: 3 years before normal retirement
	  				 		  			
	 Table value for 52:
	  				 		  	 	138	% 
	 Complete buy-back of reduction in benefits:
	  	 	138	% x 40’000 	 	CHF	  	 	55’200	  

 The insured person is responsible for clarifying whether the purchases may be offset against tax with the relevant tax
authority. 

  

			
	Pension plan valid as of 1 January 2012	 	 Appendix













			
	GEMINI Sammelstiftung	 	Supplementary Insurance Plan of Novelis


 


	Appendix 3	Application for capitalisation of the retirement pension 

  

			
		  	GEMINI Sammelstiftung
		  	c/o Avadis Vorsorge AG
		  	Josefstrasse 53
		  	8005 Zürich

 APPLICATION for capitalisation of retirement pension 
 Pursuant to the valid pension plan an application for a partial or a full capitalisation of the retirement pension must be filed no later than six months before entitlement to a pension. 

I would like to make use of this possibility and apply to withdraw     % of my retirement savings assets in the form of capital.

 I am aware that all claims against the pension fund are compensated for the part of the retirement pension that I withdraw in the form of
capital. 
 My personal details are: 
  

							
	Name:	 	  
	  	  OASI no.:	  	  

				
	First name:	 	  
	  	  Place / date:	  	  


  

			
		
	Signature of applicant:	 	  

		
	Signature of spouse / registered partner*:	 	  

	(with notarial authentication or other evidence)

  

	*	If the insured person is married or in a registered partnership, the application is valid only with the written consent of the spouse / registered partner. The consent
has to be in one of the following ways: 

  

	 	•	 	 The signature is notarially certified or certified by the Inhabitant Control Office 



 

	 	•	 	 Personally signed by the spouse or the registered partner in the presence of the employer’s Human Resource Manager (an official, personally signed
identification with a picture has to be brought along) 


 The employer or the notary confirms that they have proved the
spouse’s / registered partner’s signature: 
  

			
	 Place / date:
	  	  

		
	 Stamp / signature:
	  	  



  

			
	Pension plan valid as of 1 January 2012	 	Appendix












			
	GEMINI Sammelstiftung	 	Supplementary Insurance Plan of Novelis


 


	Appendix 4	Declaration regarding distribution of lump-sum death benefits 

 The undersigned person requires that the lump-sum death benefit due at their death before retirement age be paid to the entitled dependents according to the following regulation: 

 

					
	Order of precedence	  	Entitled
persons	  	Ratio *
(in % /
in CHF)
			
	 a.      Spouse; in the absence of whom
	  		  	
		  	  
	  	
			
	 b.      Children with entitlement to orphan’s benefit; in the absence of
whom
	  		  	
		  	  
	  	  

		  		  	
		  	  
	  	  

		  		  	
		  	  
	  	  

	 c.      significantly supported persons or person in life partnership for at least 5
years, or persons, responsible for the support of joint children; in the absence of whom
	  		  	
		  	  
	  	  

		  		  	
		  	  
	  	  

		  		  	
		  	  
	  	  

			
	 d.      further children; in the absence of whom
	  		  	
		  	  
	  	  

		  		  	
		  	  
	  	  

		  		  	
		  	  
	  	  

			
	 e.      the parents and brothers and sisters; in the absence of whom
	  		  	
		  	  
	  	  

		  		  	
		  	  
	  	  

		  		  	
		  	  
	  	  

			
	 f.       other legal heirs
	  		  	
		  	  
	  	  

		  		  	
		  	  
	  	  

		  		  	
		  	  
	  	  


  

	*	We recommend stating the ratios to which the individual persons are entitled in % of the total capital to be paid by the pension fund. Persons in group b only
can be entitled in the absence of persons in group a, persons in group c only in the absence of persons in group b etc. 

 The
insured person acknowledges the fact that this declaration has no legal validity if it contradicts the legal or tax provisions. 
  

 

			
		
	Name, first name of the insured person:	 	  

		
	 Place / date and signature
	 	  

	
	 The administrative office of the GEMINI Sammelstiftung took note of this declaration.

		
	 Place / date:
	 	  

		
	 On behalf of the administrative office:
	 	  



  

			
	Pension plan valid as of 1 January 2012	 	Appendix