Switzerland | Melbourne Mercer Global Pension Index : Melbourne Mercer Global Pension Index


Switzerland


switzerland flag Switzerland

Switzerland’s retirement income system comprises an earnings-related public pension with a minimum pension; a mandatory occupational pension system where the contribution rates increase with age; and voluntary pension plans which are offered by insurance companies and authorised banking foundations.

The overall index value for the Swiss system could be increased by:

  • introducing a requirement that part of the retirement benefit must be taken as an income stream
  • reversing the preferential tax treatment of lump sum payments in comparison to pension payments
  • increasing the state pension age over time
  • increasing the rate of home ownership
  • reducing pre-retirement leakage by further limiting access to funds before retirement.

RRF19921 MMGPI Report 0616 Chart WEB 1000x950 25 SWITZERLAND Switzerland

Progressive Results:

Year

Overall

Adequacy

Sustainability

Integrity

2016 68.6 60.5 67.4 83.5
The Swiss index value decreased from 74.2 in 2015 to 68.6 in 2016 primarily due to a reduction in the net replacement rate.
2015 74.2 73.9 68.4 82.9
The Swiss index value increased slightly from 73.9 in 2014 to 74.2  in 2015 due to a number of small changes.
2014  73.9  71.9  69.7 83.1
The Swiss index value remained constant at 73.9 from 2013 to 2014.
2013

73.9

72.6

69.0

82.9

The Swiss index value increased from 73.3 in 2012 to 73.9 in 2013 primarily due to an increase in the net household saving rate.
2012

73.3

71.3

67.9

84.1

The Swiss index increased slightly from 72.7 in 2011 to 73.3 in 2012 primarily due to an increase in the level of home ownership based on the latest available data.
2011

72.7

70.4

67.7

83.5

The Swiss index fell from 75.3 in 2010 to 72.7 in 2011 due to a reduction in both the adequacy and sustainability sub-indices. The main reasons are the reduced net replacement rate as calculated by the OECD and a decline in each of the first three sustainability indicators.
2010

75.3

73.1

71.8

83.5

Media 2014:
Swiss Pension system is good, but not perfect
Swiss pension system among ‘world’s best’ – The Local
La prévoyance vieillesse de la Suisse bien notée
Schweizer Vorsorgesystem international auf fünftem Rang
Rang fünf für Schweizer Altersvorsorge
Schweizer Vorsorgesystem auf fünftem Rang
Pensioni: Svizzera al quinto posto
Vorsorge: Gute Note für Vorsorge in der Schweiz

CleanSaveBtn text small SwitzerlandPdfBtn text small SwitzerlandEmailBtn text small SwitzerlandCleanPrintBtn text small Switzerland
Link to Victorian Government (Victoria Online) the Mercer Australian website Australian Centre for Financial Studies