by In Switzerland, pension rules make it more expensive to employ older workers. © Fizkes | Dreamstime.com The amount employers must contribute to 2nd pillar contribution-based employee pensions increases with age. Workers under 35 only cost an additional 3.5% of salary. From 55, workers cost employers an additional 9% – workers aged 35 to 44 cost employers an additional 5% and those 45 to 54 cost an extra 7.5%. The association 50 plus is calling for changes to this system, and along with others has launched a referendum on the issue entitled work-fair 50 plus. In addition, 50 plus thinks a focus on educating unemployed workers over 50 misses the point. Spokesperson Luigi Miriello told 20 Minutes that most of those who come to them for help work in offices and banks and are well educated. The
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Investec considers the following as important: Business & Economy, Editor's Choice, Pensions Switzerland, Personal finance, Politics, Unemployment Switzerland
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In Switzerland, pension rules make it more expensive to employ older workers.
© Fizkes | Dreamstime.com
The amount employers must contribute to 2nd pillar contribution-based employee pensions increases with age. Workers under 35 only cost an additional 3.5% of salary. From 55, workers cost employers an additional 9% – workers aged 35 to 44 cost employers an additional 5% and those 45 to 54 cost an extra 7.5%.
The association 50 plus is calling for changes to this system, and along with others has launched a referendum on the issue entitled work-fair 50 plus.
In addition, 50 plus thinks a focus on educating unemployed workers over 50 misses the point. Spokesperson Luigi Miriello told 20 Minutes that most of those who come to them for help work in offices and banks and are well educated.
The initiative, launched two weeks ago, aims to move to a system with a single pension contribution rate for employees of all ages.
According to vote initiators, the issue has reached breaking point. Only 14% of unemployed workers 55 or over who end up on welfare manage to get back into stable full time employment. And 31% of them never work again.
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