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According to article 113 of the Swiss federal Constitution, “the occupational pension scheme, together with the Old-age, Survivors' and Invalidity Insurance, enables the insured person to maintain his or her previous lifestyle in an appropriate manner”. [5] It is a funded pension plan. It is compulsory for employees and is financed by both ...
In 1979, the threshold age giving entitlement to a couple's pension was raised for women to 62 years as part of the consolidation plan provided for by the 9th revision of the AVS. The 10th revision raised the retirement age for women in two stages to 63 (in 2001), then to 64 (in 2005) . It also made possible the early receipt of an annuity. [9]
As of 2021, the fund served a total of around 66,800 insured persons and 42,000 pensioners from the Federal Administration, the ETH Domain, various decentralized federal companies and around 60 other companies under private or public law. It manages 44 billion CHF worth of assets, [1] [2] making it the largest pension fund in Switzerland. [3]
Switzerland's minimum old age and survivors (AHV) pension is 1,225 Swiss francs ($1,393) a month, and the maximum 2,450 francs. For couples it is capped at 3,675 francs.
The basic principles of social insurance are found in Articles 111 to 114 and Articles 116 and 117 of the Swiss Federal Constitution. Article 111 defines the so-called "three-pillar principle", which regulates the structure of retirement, survivors', and disability benefits.
Superannuation in Australia – Private, and compulsory, individual retirement contribution system. Social Security – Public pensions; Austria – Pensions in Austria; Canada: Canada Pension Plan; Old Age Security; Quebec Pension Plan; Registered retirement savings plan; Saskatchewan Pension Plan; Finland – Kansaneläkelaitos
Zurich Insurance Group Ltd. is a Swiss insurance company, headquartered in Zürich, and the country's largest insurer. [2] As of 2021, the group is the world's 112th largest public company according to Forbes ' Global 2000s list, [3] and in 2011, it ranked 94th in Interbrand's top 100 brands.
The Pan-European Pension Product (PEPP) or like Pan-European Personal Pension Product is a proposed pension which will be available to residents of the European Union. The PEPP is designed to give the 240 million savers in the EU a better choice in the fragmented and uneven European market, where options are nearly non-existent in some member ...