Reforms approved to strengthen pension supervision

Parliament has paid heed to the wish of voters and approved plans to reform Switzerland’s occupational pension scheme in an effort to rein in costs.

This content was published on March 19, 2010

On the final day of its spring session, parliament agreed to introduce measures to improve governance, transparency and regulation.

The structural reforms call for the creation of a federal supervisory body and a strengthening of supervision through cantonal and regional authorities.

The reforms are to be introduced in stages, beginning in January 2011, when measures will come into force making it easier for older members of the Swiss population to re-enter the workforce.

Stricter governance regulations will be introduced in mid-2011 with the new supervisory body beginning its work in January 2012.

On March 7, voters overwhelmingly rejected a government plan - backed by parliament – which would effectively have reduced benefits by lowering the conversion rate used to calculate payments.

Trade unions, which led opposition to the proposal, said one of the main culprits for the high costs of the occupational pension plan was an inefficient administration.

The scheme is one part of a three-tier pension system. The others are the state pension plan and a voluntary programme based on tax deductible contributions. and agencies

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Weekly top stories

Keep up to date with the best stories from SWI on a range of topics, straight into your mailbox.


The SBC Privacy Policy provides additional information on how your data is processed.