Editorial PensCheck Winter 2023

The OASI 21 reform takes effect on 1 January 2024 and includes reforms to occupational pensions. A popular vote on the occupational pension reform is due to take place in 2024. If approved, it would represent the first fundamental change to occupational pensions in two decades.
20. December 2023
Written by
Mark Huber
Partner, Member of EB

More clarity for vested benefits

With the introduction of the AHV 21 reform, decisive changes for vested benefits are imminent. In future, people of AHV age will have to remain actively employed in order to keep their vested benefits in the 2nd pillar. A reasonable transition period of five years is planned. However, the exact way in which proof of this gainful employment is to be provided remains unresolved at present. We will keep an eye on this development for you.


Occupational Pensions Act (OPA) reform

The occupational pension reform aims to lower the conversion rate in order to reduce redistribution. The aim is also to strengthen retirement provision for low earners and part-time employees. The entry threshold and the coordination deduction in the 2nd pillar will therefore be lowered.

Compensation measures in the form of pension supplements are planned for the transitional generation, depending on the amount of their pension assets. Around 50% of insured persons will be able to benefit from these pension supplements. These pension supplements are financed by those in employment and are based on additional salary contributions. These measures will lead to a further increase in redistribution in the 2nd pillar.

PensExpert expects that the planned BVG reform will meet with resistance in the referendum due to its complexity and the variety of interests involved.

Written by
Mark Huber
Partner, Member of EB