Occupational Pension Fund (BVG): Who Qualifies and What You Get
Learn how the BVG second pillar pension works in Switzerland and how your monthly contributions build your future savings.
The Occupational Pension Fund (BVG), often called the "second pillar," is a mandatory savings scheme designed to complement your state pension by providing additional income during retirement.
Who it's for
This scheme is for employees who earn above a specific income threshold set by the government.
What you get
You receive pension savings that are built up over time. This is often referred to locally as the "2. Säule" and is intended to provide you with financial stability once you stop working.
What it costs you
The cost is handled through monthly deductions taken directly from your salary. However, your employer also contributes to the fund, matching your payments to help your savings grow faster.
The catch to know
While these funds are intended for your old age, you may be permitted to withdraw some of your savings early if you are using the money to purchase a home.
How to apply
- Check your monthly payslip to confirm your contributions.
- Review your annual pension certificate to see your total savings.
- Contact your employer or pension fund if you have questions about your specific balance.