Occupational Pension Scheme (BVG): Who Qualifies and What You Get
Learn how the BVG works for employees in Switzerland, covering eligibility requirements and how your employer contributes to your retirement savings.
This scheme provides mandatory retirement savings through what is known locally as the "Second Pillar." It is designed to supplement your state pension to help maintain your standard of living when you retire.
Who it's for
This scheme is for employees who are over the age of 25 and earn above a specific minimum income threshold.
What you get
You receive mandatory retirement savings held in a pension fund. These funds are intended to provide you with financial support during your retirement years.
What it costs you
The cost is split between you and your employer. By law, your employer is required to pay at least 50% of your pension contributions.
The catch to know
Selecting the right pension fund provider is a critical strategic decision that can impact your long-term savings.
How to apply
- Confirm your eligibility based on your age and salary level.
- Check with your employer regarding their specific pension fund provider.
- Review the contribution rates and fund details provided by your employer.
- Visit the official portal for more details: https://www.sfbvg.admin.ch