Tag Archives: Swiss pensions

A recent report by the government that collected data from a sample of Swiss pension funds shows a significant deterioration in the financial health of Switzerland’s 2nd pillar pension funds over the first half of 2022. Inflation, higher interest rates and falling stock markets have hit the fortunes of the funds. © Scottnodine | Dreamstime.comBy the end of June 2022, 285 of the funds included in the survey owed more than they were worth, a phenomenon known as under coverage. The average...

A recent OECD study, which looks at retirement, shows the relatively large amount spent on pensioners in Switzerland. © Marian Vejcik | Dreamstime - Click to enlarge Switzerland consumes 11% of its GDP on retirees, compared to 9% across OECD nations. Despite this high spending, the risk of poverty is higher in Switzerland than across the OECD. According to the organisation, 19% of those over 64 in Switzerland are at...

A recent OECD study, which looks at retirement, shows the relatively large amount spent on pensioners in Switzerland. © Marian Vejcik | Dreamstime Switzerland consumes 11% of its GDP on retirees, compared to 9% across OECD nations. Despite this high spending, the risk of poverty is higher in Switzerland than across the OECD. According to the organisation, 19% of those over 64 in Switzerland are at risk of poverty, compared to an OECD average of 13%. On average, basic Swiss retirement incomes...

© Michael Smith | Dreamstime - Click to enlarge According to Le Matin, Jean-Luc Addor, a parliamentarian and member of the Swiss People’s Party (UDC/SVP), wants to know what savings could be made if pensions paid to those abroad were adjusted for living costs in those countries. According to the newspaper, after the rejection of the vote to reform Swiss pensions, Addor said that the rejected reform was aimed at...

Le Matin. According to Le Matin, Jean-Luc Addor, a parliamentarian and member of the Swiss People’s Party (UDC/SVP), wants to know what savings could be made if pensions paid to those abroad were adjusted for living costs in those countries. © Michael Smith | Dreamstime According to the newspaper, after the rejection of the vote to reform Swiss pensions, Addor said that the rejected reform was aimed at guaranteeing the financing of the pension system over the coming years, as well as...

Swiss pensions have three parts. The first is a standard payment based on the number of years you have paid social security taxes (AVS / AHV). The second (2nd pillar) is based on a personal pot of money built up from compulsory salary deductions. And the third is a personal pot derived from optional tax deductible savings, known as a 3rd pillar. All three are designed to come together to provide enough income in...

Swiss pensions have three parts. The first is a standard payment based on the number of years you have paid social security taxes (AVS / AHV). The second (2nd pillar) is based on a personal pot of money built up from compulsory salary deductions. And the third is a personal pot derived from optional tax deductible savings, known as a 3rd pillar. © Atholpady | Dreamstime.com All three are designed to come together to provide enough income in retirement. The problem is that a growing number of...

20 Minutes. Various Swiss unions along with the socialist and green parties have launched an initiative to increase pensions. Their plan, which demands a 10% increase in pension payments, will be put before Swiss voters in a referendum on 25 September 2016. © Anne Barroil | Dreamstime.com The cost of the plan could be as high as CHF 4.1 billion. Those behind the vote propose increasing social security taxes by 0.8% to fund the rise. Pension increases would equate to an extra CHF 2,400 a year...