Just one-quarter of Swiss believe old-age pension will be secure in 20 years
Expected pension benefits have fallen by 16% since 2002, equivalent to a reduction of CHF12,260 ($15,140) a year for an employee earning CHF120,000. The main reason for this decline is the sharp reduction in benefits paid out under the second pillar, which consists of occupational pension plans, whilst the state old-age pension has increased. Meanwhile, public distrust of the old-age pension system is growing, and the majority of the population continues to oppose raising the retirement age. The report published...
