Why is it better to have pension cover from
an efficient pension fund? So that the money
you pay in can work for your retirement.
- pension fund pro
- Insured benefits
The objective of the employee benefits insurance is - together with the benefits paid by the AHV and the IV - to enable the insured to maintain their current standard of living after retirement. Employers are obliged to insure their employees with a pension fund against the financial consequences of old age, disability and death. The employer must pay at least 50% of the pension fund contributions.
The employee benefits insurance (BVG) is only compulsory for employees whose salary exceeds three-quarters of the maximum AHV pension. Other employees and self-employed individuals can join the employee benefits insurance voluntarily, but people who are not gainfully employed may not do so. In contrast to the AHV/IV and most other social insurance schemes, the employee benefits insurance is financed with a level-premium system. This means that every insured individually saves his/her retirement capital, which is then used to finance the pension payments when a claim arises.