Tuesday, December 6, 2022

Redistribution from young to old stopped

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This is good news for once: the redistribution of active employees to pensioners has largely stopped in the pension funds. In recent years, billions have flowed from young to old, while last year it was just 200 million francs. This is shown by the latest report by the Supervisory Authority for Occupational Pensions (BVG) on the financial situation of the pension funds in 2021. The year before it was CHF 4.4 billion, the highest value dates from 2016 at CHF 8.4 billion.

There are various reasons why the redistribution has largely been stopped for the time being. Last year, pension funds benefited from the stock market boom. With yields averaging 8 percent. This also had an impact on the interest on retirement assets.

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