The Retirement System Retired: Beginners guide to Swiss Pension Plans
Is there a future with the current retirement plan?
What your bank doesn’t tell you
The Retirement System Retired: Beginners Guide to Swiss Pension Plans
Are you aware of how the pension system in Switzerland functions? Do you know what happens to the money you put into the various pillars of the system? Are you prepared for retirement?
These are crucial questions that we often fail to address until it’s too late.
That’s why we’re excited to introduce the new episode of our podcast. In this episode, Luba and Tonia, finance experts, dive into the Swiss pension system and explore the three pillars that make it up. Learn what each pillar provides, how much it covers, and what you can do to ensure a decent standard of living in retirement.
Read more about the show.
Episode Summary
In our latest episode, Luba and Tonia discuss the three-pillar retirement system in Switzerland, which is similar to that of other European countries.
The first pillar provides the absolute minimum for retirees
The second pillar aims to ensure retirees can continue living their average standard of living
The third pillar allows individuals to make additional contributions to cover their living expenses in retirement
However, the retirement system faces challenges, such as very low-interest rates, and experts believe that it may not survive. We advocate for financial literacy to be taught in schools to raise awareness about retirement planning.
Listen to the audio series on your favourite platform:
▶ Spotify
