Pensions in Switzerland are based on the 3-pillars concept, providing financial security in retirement.
Pillar 1 - State pension provision
The intention of pillar 1 is to protect against falling below the poverty line, which means that the pension should cover the minimum necessary living costs. Pillar 1 comprises old-age and survivors' insurance (OASI), disability insurance (DI) and the income replacement ordinance (EO).
Pillar 2, occupational pension provision (BVG), safeguards the standard of living that you are accustomed to. The occupational pension provision is funded by contributions from employees and employers, at least in equal parts, although the employer may voluntarily opt to contribute more.
The pension assets from pillar 3 (3a and 3b) serve to cover any pension shortfall. They are intended to fund the realization of dreams and wishes after retirement. Around 60% of the income during retirement comes from pillars 1 and 2 and around 40% from pillar 3.
Fair pension planning solutions ensure that you and your employees receive as much of your savings as possible. Talk to the Vita pension team to find out how our solutions meet this requirement.
Our pension experts will inform your employees about your chosen Vita pension solution and answer questions about their financial future. This free orientation can also be conducted online.
For us, fairplay is at the heart of how we design and develop our solutions - so that occupational retirement provision remains strong for future generations.
