Salary Wages are based on the salary ordinance of the canton of St.Gallen. The system consists of various classes, each with different levels. For professors, this is Class F1/Level 1 – 11. Salary is normally paid into the employee’s account on the 25th day of the month. The Human Resources Administration in the Department of Human Resources & Sports is responsible for the payment of salary, including all benefits. The salary is transferred in CHF into a Swiss bank account to be opened before the start of work at a bank of the employee’s choosing. Payroll deductions Employers and employees divide social security contributions in half. The deduction for social contributions accounts for about 15% of gross salary (excluding taxes and occupational pension contributions). Old Age and Survivors‘ Insurance AHV/IV/EO 5.125% Unemployment Insurance ALV, up to CHF 148,200 1.10% Unemployment Insurance ALV, from CHF 148,200 0.50% Non-occupational accident insurance, up to CHF 148,200 0.80% Occupational pension (age-dependent) max. 10.84% Benefits Wage benefits are supplementary payments, including child and education allowances, family and birth allowances and loyalty rewards. Requests for child and education allowances should be directed to the Human Resources Administration. Occupational pension / Additional management insurance The base salary for all full and associate professors and full-time faculty of the University of St.Gallen, including the 13th monthly salary according to the salary structure, is insured by the canton of St.Gallen insurance fund. However, the figure shall not to exceed the annual salary of a full professor after eleven years of service, less the coordination deduction (benefits from Pillar 1, AHV/IV). Management insurance is a supplement to this basic pension insurance for civil servants. It covers the "institute quarter", i.e. an allowance of up to 25% of basic salary with which to compensate the direc-torial function of a university institute. Also insured are retirement benefits, to be paid at the time of retirement as a lump sum or pension, as well as death and minor disability benefits.