BVG News 2024. How to improve your employees' pension provision.

One goal of the latest BVG reform was to improve the occupational pension provision for people on low incomes and part-time workers. Although the reform failed, employers can still implement some of the targeted improvements themselves. By doing so, they can also position themselves more attractively on the employment market.

• Lower the eligibility threshold: From 1 January 2025, the eligibility threshold for compulsory BVG insurance will be raised from CHF 22,050 to CHF 22,680. This is because AHV retirement pensions are being adjusted in line with price and salary developments and the BVG limits are therefore also being raised. As an employer, however, you can lower the BVG eligibility threshold as far as you want – or even get rid of it entirely – thus giving people on lower incomes access to the pension fund. 
• Adjust the coordination deduction: The coordination deduction for the compulsory BVG portion is also being raised. At present it is CHF 25,725, but it will be increased to CHF 26,460 with effect from 1 January 2025. Here, too, employers have a lot of leeway: they can reduce the coordination deduction, get rid of it completely or tie it to the degree of employment. Incidentally, a lower coordination deduction is an easy way of improving pension fund benefits, especially for those on lower incomes.
• Adjust the retirement credits: When it comes to retirement credits, employers are free to go beyond the compulsory amounts and to structure the retirement credits in as age-neutral a way as possible. In the long term, younger employees in particular benefit financially from higher retirement credits. This measure also makes sense for older employees because it reduces the large discrepancy between the personnel costs for older and younger staff, which in turn increases equality in the recruitment and promotion process.
• Raise awareness among employees: Inform your employees about the annual pension certificate and ensure that they understand it and are familiar with the steps they can take to improve their retirement provision. One way to do this is with a staff information event given by our experts.

Find out more on the individual tips in our guide.

Would you prefer to discuss your employees' occupational pension provision with our financial experts? We will be happy to answer all your questions in a personal consultation.

In the SonntagsZeitung newspaper's Switzerland-wide pension fund comparison, Allianz Suisse has been awarded first place in the full insurance category – for the 13th year in succession:

• First place for the "Highest interest rate over 10 years"

We also came out top this year in the "Mystery shopping" category after being judged to have the most attractive offering.

• First place in mystery shopping

The highly regarded pension fund comparison was published in the Finanz und Wirtschaft specialist magazine on 8 June and in the SonntagsZeitung newspaper on 9 June. For the comparison, the best community and collective foundations are rated and given awards in various categories. The pension fund comparison is an important reference for choosing a pension fund in Switzerland. You can access the full pension fund comparison here.