10Oct

Pension Scheme – How does the 2nd pilar (LPP) work in Switzerland ?

Introduction While the first pillar is a pension plan administered by the state, the second pillar is an occupational pension (LPP). It complements the first pillar to provide you with a retirement pension that “should”…

History time: Introduction to the Swiss first pillar

The OASI, short for old-age and survivors’ insurance, is the 1st pillar of the pension system. Its purpose is to cover our basic needs or those of our spouse(s) or kid(s) in case of death. …

How does the first pillar work and who finances it?

Introduction In Switzerland, retirement is based on the well-known three-pillar system. The first pillar, called AVS (Old-Age and Survivors Insurance), forms the foundation of the country’s retirement provision. It guarantees a basic pension to the…