What is the LPP and how does it work?
Updated on November 30th, 2023. While the first pillar is a pension plan administered by the state, the second pillar is an occupational pension (LPP). It is an addition to the first pillar to ensure,…
Category Archives for Pillar
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?
Updated on January, 8th 2024. AVS (AHV), a pay-as-you-go social system Oftentimes, workers believe that they contribute to the AHV (or AHV) in order to then pay their retirement. Which is completely false. Just like…
