Why do salary changes need to be reported during the year?

The reported annual salary of the insured person determines the level of the insured benefits. This means that if there is any change in the salary of an employee, generally their insured benefits will change, as will the monthly premiums for the employer and the employee. Therefore, it is important that any salary adjustments be reported promptly. 

Unless otherwise stipulated in the retirement provision strategy, the reported salary must correspond to the presumed OASI annual salary.

Example:

• Start for insured person: November 1
• Monthly salary: CHF 4,000
• Reported annual salary: CHF 48,000 (to be paid in twelve monthly installments)

The premium and the contributions for the insured person will be charged pro rata from November 1.