Navigation

Skiplink Navigation

Main Features

Reforms approved to strengthen pension supervision

Parliament has paid heed to the wish of voters and approved plans to reform Switzerland’s occupational pension scheme in an effort to rein in costs.

On the final day of its spring session, parliament agreed to introduce measures to improve governance, transparency and regulation.

The structural reforms call for the creation of a federal supervisory body and a strengthening of supervision through cantonal and regional authorities.

The reforms are to be introduced in stages, beginning in January 2011, when measures will come into force making it easier for older members of the Swiss population to re-enter the workforce.

Stricter governance regulations will be introduced in mid-2011 with the new supervisory body beginning its work in January 2012.

On March 7, voters overwhelmingly rejected a government plan - backed by parliament – which would effectively have reduced benefits by lowering the conversion rate used to calculate payments.

Trade unions, which led opposition to the proposal, said one of the main culprits for the high costs of the occupational pension plan was an inefficient administration.

The scheme is one part of a three-tier pension system. The others are the state pension plan and a voluntary programme based on tax deductible contributions.

swissinfo.ch and agencies


Links

Neuer Inhalt

Horizontal Line


subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.







Click here to see more newsletters

swissinfo EN

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

Join us on Facebook!

×