Swiss pensions have fallen by 16% since 2002

Those who retire after a lifetime of work are receiving less and less money from the Swiss pension system. The combined old-age and survivor's pension (OASI) and pension fund payouts have fallen by an average of 16% since 2002. This is the conclusion reached in an analysis published today by the financial services provider VZ VermögensZentrum. While OASI payments have tended to remain constant over the years and will increase slightly with the introduction of the 13th monthly payment from 2026, pension funds have massively reduced their benefits: pension payments are 40% lower than in 2002. The reasons are low interest rates that may soon turn negative again, rising life expectancy and the failure of the occupational pension reform. +Get the most important news from Switzerland in your inbox In theory, pensions should pay out 60% of the final salary but this is no longer the case. Concretely, a person currently earning CHF100,000 per year will receive about 51% of his or her final ...