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Swiss ASIP pushes for alternative proposal on second pillar reform

By Luigi Serenelli2021-02-02T15:03:00+00:00 The Swiss pension fund association ASIP has tabled a new proposal for the reform of the second pillar pension system as an alternative to the social partners’ model backed by the government. The core element of the proposal refers to financing the measures to compensate for the reduction of the conversion rate to calculate pension pay-outs (Umwandlungsumsatz). The conversion rate cut from 6.8% to 6.0%, which is part of the government-backed reform, would lead to a 12% drop in pension benefits, according to consultancy C-alm numbers presented by ASIP in a webinar. The association proposes to compensate for the cuts with an increase to occupational pension savings over a transition period of 10 years financed with Pensionskassen reserves.

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