{"id":297,"date":"2024-10-16T15:06:07","date_gmt":"2024-10-16T13:06:07","guid":{"rendered":"https:\/\/www.unine.ch\/welcomedesk\/?page_id=297"},"modified":"2024-11-11T21:17:10","modified_gmt":"2024-11-11T20:17:10","slug":"pension-and-old-age-insurance","status":"publish","type":"page","link":"https:\/\/www.unine.ch\/welcomedesk\/en\/working-in-switzerland\/pension-and-old-age-insurance\/","title":{"rendered":"Pension and old age insurance"},"content":{"rendered":"

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\n\t\tPension and old age insurance\t<\/h1>\n<\/div>
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The swiss system is based on three pillars:<\/p>\n

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  1. The first pillar<\/strong> is made up of the \u201c Swiss old age and surviving dependents\u2019 insurance \u201d (AVS), the \u201c survivors and disability pension plans \u201d (AI), and the \u201c complementary benefits \u201d (PC): The AVS covers the insured person\u2019s vital needs in the case of a loss of income due to old age, or the death of the person insuring the family\u2019s income. This insurance is mandatory, and is paid equally by the employer and employee.<\/li>\n
  2. The second pillar<\/strong> is the \u201coccupational pension planning\u201d (often refered to as LPP): once retired, it enables the person to maintain his or her lifestyle. It includes old age benefits, as well as risk benefits in the case of death or disability. It is determined by the occupational pension planning law (LPP). It is paid jointly by the employer and employee.<\/li>\n
  3. The third pillar<\/strong> is the \u201crestricted pension plan\u201d (3a) or \u201cadditionnal needs\u201d (3b) (voluntary, savings or private insurance). The third pillar\u2019s aim is to complete and perfect the benefits of the two other pillars. It adapts to the person\u2019s needs and desires, and is paid entirely by the employee.<\/li>\n<\/ol>\n

    Retirement is currently set at the age of 64 for women and 65 for men. Foreign workers can receive their AVS pension in their home country, provided a social security convention<\/a> exists between Switzerland and the home country<\/p>\n\t<\/div>\n<\/div>[\/vc_column][vc_column width=”1\/3″ css=”.vc_custom_1650989306171{margin-top: 60px !important;}”]

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    Further Information<\/h3>\n
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