{"id":8561,"date":"2024-07-14T08:50:00","date_gmt":"2024-07-14T06:50:00","guid":{"rendered":"https:\/\/www.smolio.ch\/wissen\/bvg-reform-referendum-vote-yes-or-no\/"},"modified":"2024-12-01T19:32:40","modified_gmt":"2024-12-01T18:32:40","slug":"bvg-reform-referendum-vote-yes-or-no","status":"publish","type":"post","link":"https:\/\/www.smolio.ch\/en\/wissen\/bvg-reform-referendum-vote-yes-or-no\/","title":{"rendered":"BVG reform referendum: vote yes or no?"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Lesedauer<\/span> <span class=\"rt-time\"> 9<\/span> <span class=\"rt-label rt-postfix\">Minuten<\/span><\/span>\n<p data-block-type=\"core\">Vote yes or no to the BVG reform referendum?\nOn September 22, 2024, Switzerland will decide on the future of occupational pensions.\nThe reform will bring major changes to your retirement pension.\nFind out what the BVG reform referendum means for you and your finances in the future.   <\/p>\n\n<!--more-->\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-48cabc6\" id=\"was-sind-die-hauptziele-der-bvg-reform\" data-block-id=\"48cabc6\"><h2 class=\"stk-block-heading__text\">What are the main objectives of the BVG reform?<\/h2><\/div>\n\n<p data-block-type=\"core\">The BVG reform aims to make your occupational pension provision fit for the future.\nImagine you&#8217;re like Lisa, a 35-year-old graphic designer from Zurich.\nDo you want your pension to be secure later on, regardless of whether you work full-time or part-time?\nThat&#8217;s exactly what the reform aims to achieve.\nThe <a href=\"\">main objectives<\/a> of the BVG21 reform are, according to the Federal Social Insurance Office:    <\/p>\n\n<ul class=\"wp-block-list\" data-block-type=\"core\">\n<li data-block-type=\"core\">Maintain the pension level: You should have enough to live on in old age.<\/li>\n\n\n\n<li data-block-type=\"core\">Strengthen the financing: Your pension should be built on a solid foundation.<\/li>\n\n\n\n<li data-block-type=\"core\">Improve pension provision for part-time employees: Women like Lisa in particular, who often work part-time, should benefit from this.<\/li>\n<\/ul>\n\n<p data-block-type=\"core\">These goals are important because pensions in the mandatory part of the occupational benefit scheme are no longer well enough financed.\nThis is due to the low returns on the financial markets and rising life expectancy.\nThis particularly affects pension funds that only offer their insured members the statutory minimum or little more.  <\/p>\n\n<p data-block-type=\"core\">The reform also aims to tackle a second problem: If you earn little, like Pesche from Bern, you will have little or no pension fund pension later on.\nWomen who often work part-time or in sectors with low wages are disproportionately affected by this.\nThe BVG21 reform aims to change this.\nYou should receive a secure and fair pension, regardless of whether you work full-time or part-time and earn a lot or a little.   <\/p>\n\n<nav class=\"wp-block-stackable-table-of-contents stk-block-table-of-contents stk-block stk-29e9ed5 stk-block-background\" data-block-id=\"29e9ed5\"><p class=\"stk-table-of-contents__title\">We take a look at these topics for the BVG reform referendum:  <\/p><ul class=\"stk-table-of-contents__table\"><li><a href=\"#was-sind-die-hauptziele-der-bvg-reform\">What are the main objectives of the BVG reform?<\/a><\/li><li><a href=\"#welche-anpassungen-bringt-die-bvg-reform\">What changes will the BVG reform bring?<\/a><\/li><li><a href=\"#welche-kritikpunkte-gibt-es-an-der-bvg-reform-nein-argumente\">Welche Kritikpunkte gibt es an der BVG-Reform?\nNein-Argumente <\/a><ul><li><a href=\"#uberkompensation-der-umwandlungssatzsenkung\">Overcompensation for the reduction in the conversion rate<\/a><\/li><\/ul><\/li><li><a href=\"#zusammenfassung-bvg-reform-referendum-ja-oder-nein-stimmen\">Summary: BVG reform referendum: vote yes or no?<\/a><\/li><\/ul><\/nav>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-61df241\" id=\"welche-anpassungen-bringt-die-bvg-reform\" data-block-id=\"61df241\"><h2 class=\"stk-block-heading__text\">What changes will the BVG reform bring?<\/h2><\/div>\n\n<p data-block-type=\"core\">The BVG reform brings some changes for your occupational benefits insurance.\nBelow you will find the most important points.\nI have <a href=\"\">described<\/a> the changes in more detail in another specialist article.  <\/p>\n\n<ul class=\"wp-block-list\" data-block-type=\"core\">\n<li data-block-type=\"core\">Reduction in the <a href=\"https:\/\/www.smolio.ch\/en\/wissen\/conversion-rate\/\">minimum conversion rate<\/a>: the rate will be reduced from 6.8 % to 6.0 %. It sounds complicated, but imagine you have CHF 100,000 in your pension fund, like Anna, a 50-year-old teacher from Lucerne. Previously, you would have received an annual pension of CHF 6,800. With the new rate, it would be 6,000 francs.   <br\/><strong>Important to know: <\/strong>Currently, around 14 percent of all BVG insured persons have minimum insurance.\nThis means that 86 percent are not affected by this reduction at all.\nThe conversion rate is already lower for them today (5.3 percent on average).\nFor them, their pension funds have lowered the conversion rate on the extra-mandatory contributions so low that the average conversion rate is 5.3 %.     <\/li>\n\n\n\n<li data-block-type=\"core\">Reduction of the <a href=\"https:\/\/www.smolio.ch\/en\/wissen\/coordination-deduction\/\">coordination deduction<\/a>: This will no longer be a fixed CHF 25,725 regardless of the level of employment, but will in future be 20 percent of the AHV salary. This means that the amount of the coordination deduction will depend on your salary in future. This is good for you if you work part-time, have several jobs or earn little. More of your salary will be insured and you will save more for your pension.   <\/li>\n\n\n\n<li data-block-type=\"core\">Adjustment of retirement credits: there are now only two contribution scales.\nFor 25 to 44-year-olds, they increase from 7 % to 9 % of the insured salary.\nFor over 45s, they will fall from 18% to 14%.\nThis makes older employees more attractive to employers.   <\/li>\n\n\n\n<li data-block-type=\"core\">Introduction of a pension supplement: To compensate for the reduction in the conversion rate, there will be a pension supplement for 15 age groups.\nThis amounts to CHF 100 to 200 per month. <\/li>\n\n\n\n<li data-block-type=\"core\">Easier entry into the pension fund: The minimum salary for entry into the pension fund will be reduced from CHF 22,050 to CHF 19,845.\nThis will enable more people to build up a pension fund pension. <\/li>\n<\/ul>\n\n<p data-block-type=\"core\">These changes are intended to ensure that more people are better protected in old age.\nBecause small salaries will have to bear more salary deductions in future than before, the SP and trade unions are talking about a &#8220;BVG scam&#8221;.\nThey are focusing on the first pillar of the pension system and want to expand it.\nBecause with pension funds, you are basically saving for yourself.\nThis makes hidden redistributions &#8211; as in the AHV &#8211; from young to old and from high to low wages more difficult.\nThis is why the BVG reform referendum was held.     <\/p>\n\n<div class=\"wp-block-stackable-columns stk-block-columns stk-block stk-3112f5f stk-block-background callout\" data-block-id=\"3112f5f\" data-block-type=\"core\" data-block-type=\"core\"><style>.stk-3112f5f{background-color:#02b875 !important;margin-bottom:40px !important}.stk-3112f5f:before{background-color:#02b875 !important}<\/style><div class=\"stk-row stk-inner-blocks stk-block-content stk-content-align stk-3112f5f-column\">\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-4a4cbd5\" data-v=\"4\" data-block-id=\"4a4cbd5\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-4a4cbd5-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-4a4cbd5-inner-blocks\">\n<div class=\"wp-block-stackable-image stk-block-image stk-block stk-fe9674b\" data-block-id=\"fe9674b\"><figure><span class=\"stk-img-wrapper stk-image--shape-stretch\"><img loading=\"lazy\" decoding=\"async\" class=\"stk-img wp-image-6627\" src=\"https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/11\/06183134\/Produktfinder-PC-3-Anbieter-with-BG.png\" width=\"1200\" height=\"800\" alt=\"Smolio pension check shows income in retirement with Pensions 2020\" title=\"\" srcset=\"https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/11\/06183134\/Produktfinder-PC-3-Anbieter-with-BG.png 1200w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/11\/06183134\/Produktfinder-PC-3-Anbieter-with-BG-800x533.png 800w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/11\/06183134\/Produktfinder-PC-3-Anbieter-with-BG-315x210.png 315w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/11\/06183134\/Produktfinder-PC-3-Anbieter-with-BG-768x512.png 768w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/11\/06183134\/Produktfinder-PC-3-Anbieter-with-BG-360x240.png 360w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/11\/06183134\/Produktfinder-PC-3-Anbieter-with-BG-400x267.png 400w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/span><\/figure><\/div>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-4891e88\" data-v=\"4\" data-block-id=\"4891e88\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-4891e88-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-4891e88-inner-blocks\">\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-addbbcb\" id=\"finde-die-beste-saule-3-a\" data-block-id=\"addbbcb\"><style>.stk-addbbcb .stk-block-heading__text{color:#ffffff !important}<\/style><h3 class=\"stk-block-heading__text has-text-color has-text-align-center\">Find the best pillar 3a<\/h3><\/div>\n\n\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-c2849cd\" data-block-id=\"c2849cd\"><style>.stk-c2849cd .stk-block-text__text{color:#ffffff !important}<\/style><p class=\"stk-block-text__text has-text-color\">Unbelievable &#8211; most people pay too much for their pillar 3a and get too little return.\nAre you one of them?\nFind out which pillar 3a is best suited to you with just a few clicks in our free comparison.    <\/p><\/div>\n\n\n\n<div class=\"wp-block-stackable-button-group stk-block-button-group stk-block stk-38be4a0\" data-block-id=\"38be4a0\"><div class=\"stk-row stk-inner-blocks has-text-align-center stk-block-content stk-button-group\">\n<div class=\"wp-block-stackable-button stk-block-button has-text-align-center stk-block stk-1f879d2\" data-block-id=\"1f879d2\"><style>.stk-1f879d2 .stk-button{background:#192483 !important;border-top-left-radius:30px !important;border-top-right-radius:30px !important;border-bottom-right-radius:30px !important;border-bottom-left-radius:30px !important}<\/style><a class=\"stk-link stk-button stk--hover-effect-darken\" href=\"https:\/\/finder.smolio.ch\/\" target=\"_blank\" rel=\"noopener\"><span class=\"stk-button__inner-text\">Find the best pillar 3a<\/span><\/a><\/div>\n<\/div><\/div>\n<\/div><\/div><\/div>\n<\/div><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-1ebc3e2\" id=\"welche-vorteile-hat-die-bvg-reform-ja-argumente\" data-block-id=\"1ebc3e2\"><h2 class=\"stk-block-heading__text\">What are the advantages of the BVG reform?\nYes arguments <\/h2><\/div>\n\n<p data-block-type=\"core\">The BVG reform brings several advantages:<\/p>\n\n<ol class=\"wp-block-list\" data-block-type=\"core\">\n<li data-block-type=\"core\"><strong>Better protection for part-time employees and people on low incomes<\/strong>: By reducing the coordination deduction, part-time employees and people on low salaries will benefit in particular.\nImagine you are like Martina, who works part-time.\nThanks to the reform, a larger part of your salary is insured, which increases your future pension.  <\/li>\n\n\n\n<li data-block-type=\"core\"><strong>Compensation for the reduction in the conversion rate<\/strong>: The introduction of a pension supplement for 15 cohorts approaching retirement age is intended to cushion the reduction in the minimum conversion rate.\nThis means that as a member of the transitional generation, you will receive an appropriate pension despite the adjustment to the conversion rate.\nThe supplement amounts to CHF 100 to 200 per month.  <\/li>\n\n\n\n<li data-block-type=\"core\"><strong>Relative coordination deduction (20%) instead of a fixed deduction<\/strong> makes it easier to build up pension fund assets, even for part-time employees.\nAccording to the Swisscanto study, this would benefit around 20 percent of all insured persons whose pension funds (still) apply the statutory coordination deduction.\nThe others already apply variable deductions today or do without a coordination deduction.  <\/li>\n\n\n\n<li data-block-type=\"core\"><strong>Easier access to the pension fund<\/strong>: The minimum salary for joining the pension fund will be lowered.\nThis means that more people will pay into the occupational pension fund.\nIf, like Pesche, you work in a low-wage sector, this means you can start building up your pension fund pension at all.  <\/li>\n\n\n\n<li data-block-type=\"core\"><strong>Better financing of the 2nd pillar<\/strong>: The reform is intended to improve the finances of the mandatory pension funds.\nThis will be achieved through more contributions (as a result of a lower coordination deduction) from more insured persons (as a result of a lower entry threshold) and the lower conversion rate. <\/li>\n<\/ol>\n\n<p data-block-type=\"core\">These advantages show that the BVG21 reform is aimed at making your occupational benefit scheme more future-proof.<\/p>\n\n<div class=\"wp-block-stackable-image stk-block-image stk-block stk-8f6f4e6\" data-block-id=\"8f6f4e6\"><figure><span class=\"stk-img-wrapper stk-image--shape-stretch\"><img loading=\"lazy\" decoding=\"async\" class=\"stk-img wp-image-8103\" src=\"https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11152046\/Smolio-Blog_BVG-Reform-Referendum_fresh-bed-2023-11-27-05-12-55-utc.webp\" width=\"1200\" height=\"800\" alt=\"BVG reform referendum\" title=\"\" srcset=\"https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11152046\/Smolio-Blog_BVG-Reform-Referendum_fresh-bed-2023-11-27-05-12-55-utc.webp 1200w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11152046\/Smolio-Blog_BVG-Reform-Referendum_fresh-bed-2023-11-27-05-12-55-utc-800x533.webp 800w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11152046\/Smolio-Blog_BVG-Reform-Referendum_fresh-bed-2023-11-27-05-12-55-utc-315x210.webp 315w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11152046\/Smolio-Blog_BVG-Reform-Referendum_fresh-bed-2023-11-27-05-12-55-utc-768x512.webp 768w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11152046\/Smolio-Blog_BVG-Reform-Referendum_fresh-bed-2023-11-27-05-12-55-utc-360x240.webp 360w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11152046\/Smolio-Blog_BVG-Reform-Referendum_fresh-bed-2023-11-27-05-12-55-utc-400x267.webp 400w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/span><\/figure><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-3f4704e\" id=\"welche-kritikpunkte-gibt-es-an-der-bvg-reform-nein-argumente\" data-block-id=\"3f4704e\"><h2 class=\"stk-block-heading__text\">What are the criticisms of the SNB reform?\nNo arguments <\/h2><\/div>\n\n<p data-block-type=\"core\">Despite the intended improvements, there is tangible criticism of the BVG21 reform.\nHere are the most important points with concrete figures.\nThese will help you to better assess the impact of the reform:  <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-4378b32\" id=\"uberkompensation-der-umwandlungssatzsenkung\" data-block-id=\"4378b32\"><h3 class=\"stk-block-heading__text\">Overcompensation for the reduction in the conversion rate<\/h3><\/div>\n\n<p data-block-type=\"core\">Experts from the renowned pension consultancy c-alm have <a href=\"https:\/\/www.schweizerpersonalvorsorge.ch\/media\/gqqbibsm\/izs_gv_2024_bvg-reform_20240611_reto_leibundgut.pdf\" target=\"_blank\" rel=\"noopener\">calculated<\/a> that 50% of insured persons will benefit from the pension supplement, although the reform only affects around 15% of insured persons. For 35% of insured persons, the supplement is not offset by a reduction in their pension; on the contrary, they receive a benefit that is not objectively justified. The Managing Director of the Migros Pension Fund <a href=\"https:\/\/www.vorsorgeforum.ch\/wp-content\/uploads\/2024\/05\/24-504.pdf\" target=\"_blank\" rel=\"noopener\">describes<\/a> the situation as follows: &#8220;We have 51,000 insured persons, 23 of whom are affected by the reduction in the conversion rate. Around 19,000 belong to the transitional generation, 8,000 could receive supplements&#8221;. It is distributed according to the watering can principle to increase the chances of a &#8220;yes&#8221;.   <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-220db13\" id=\"umverteilung-wird-eine-generation-lang-zementiert\" data-block-id=\"220db13\"><h3 class=\"stk-block-heading__text\">Redistribution is cemented for a generation<\/h3><\/div>\n\n<p data-block-type=\"core\">The pension supplement has a payback period of 28 years, as the experts at c-alm have calculated.\nThis is because lowering the conversion rate will reduce the burden on younger people by CHF 400 million per year.\nHowever, this is offset by additional costs of 11.3 billion for pension supplements.\nIn effect, they are paying for pension increases for insured persons in the transitional generation who are not affected by cuts at all.\nThe financial relief for younger people will not be felt for around 30 years.\nWould you privately invest your money in a project with such a long payback?     <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-05862f1\" id=\"komplexitat-in-der-umsetzung-des-rentenzuschlags\" data-block-id=\"05862f1\"><h3 class=\"stk-block-heading__text\">Complexity in the implementation of the pension supplement<\/h3><\/div>\n\n<p data-block-type=\"core\">There are numerous unresolved implementation problems in determining the pension supplement, especially as certain necessary information is not available to the health insurance funds at all.\nExperts therefore expect a significant increase in administrative costs. <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-ea6313c\" id=\"finanzielle-nachhaltigkeit\" data-block-id=\"ea6313c\"><h3 class=\"stk-block-heading__text\">Financial sustainability<\/h3><\/div>\n\n<p data-block-type=\"core\">According to experts, lowering the minimum conversion rate from 6.8 % to 6.0 % is not enough to secure long-term financing.\nCalculations show that a rate of 5.0 % to 5.5 % would be appropriate in order to sustainably finance pensions in the mandatory scheme.\nThe fact is that the average conversion rate applied <a href=\"\">is<\/a> 5.3 % according to the latest pension fund study by Swisscanto.  <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-50313a2\" id=\"umverteilung-zwischen-versicherten\" data-block-id=\"50313a2\"><h3 class=\"stk-block-heading__text\">Redistribution between insured persons<\/h3><\/div>\n\n<p data-block-type=\"core\">The reform will lead to a redistribution of insured persons with wraparound pension plans to insured persons who are predominantly insured under the mandatory scheme.\nToday, around 86 % of insured persons are insured in enveloping funds that have already done their homework and apply lower conversion rates.\nThe reform will hardly bring any improvements for them.\nOn the contrary, they will be penalized by the reform.\nAfter the reform comes into force, all pension funds will have to pay an additional contribution for 15 years in order to finance the pension supplement.\nThis will cost around CHF 11.3 billion and must be paid by all pension funds via a salary-related contribution of up to CHF 339 per person per year.\nSo while all insured persons have to make contributions, the surcharges for the small group of 50-65 year olds today flow mainly into those pension funds that only offer their insured persons the statutory minimum or little more.\nA classic redistribution.         <\/p>\n\n<p data-block-type=\"core\">Depending on salary level and age, the reform will have a considerable impact on benefits and their financing.\nThis is shown by a <a href=\"\" target=\"\" rel=\"\">study<\/a> commissioned by Proparis, a commercial pension fund with around 70,000 SME policyholders from many sectors (including hairdressers, butchers, painters and florists).\nAround 58 percent of those insured would have to expect a lower pension.\nAnd although their insured persons and employers would each have to pay around 0.9% higher salary contributions, proparis would bear around CHF 8.3 million <em>more<\/em> in pension losses each year over the next 15 years.\nGastrosuisse, with its Gastrosocial pension fund, which insures around 200,000 employees in the hotel and restaurant industry, has also spoken out against the BVG reform.    <\/p>\n\n<p data-block-type=\"core\">So for many of us, the reform will also bring very specific disadvantages over a long period of time.  <\/p>\n\n<div class=\"wp-block-stackable-image stk-block-image stk-block stk-7acfe7b\" data-block-id=\"7acfe7b\"><figure><span class=\"stk-img-wrapper stk-image--shape-stretch\"><img loading=\"lazy\" decoding=\"async\" class=\"stk-img wp-image-8105\" src=\"https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11152124\/Smolio-Blog_BVG-Reform-Referendum_dusting-furniture-2023-11-27-05-10-39-utc.webp\" width=\"1200\" height=\"800\" alt=\"BVG reform referendum\" title=\"\" srcset=\"https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11152124\/Smolio-Blog_BVG-Reform-Referendum_dusting-furniture-2023-11-27-05-10-39-utc.webp 1200w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11152124\/Smolio-Blog_BVG-Reform-Referendum_dusting-furniture-2023-11-27-05-10-39-utc-800x533.webp 800w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11152124\/Smolio-Blog_BVG-Reform-Referendum_dusting-furniture-2023-11-27-05-10-39-utc-315x210.webp 315w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11152124\/Smolio-Blog_BVG-Reform-Referendum_dusting-furniture-2023-11-27-05-10-39-utc-768x512.webp 768w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11152124\/Smolio-Blog_BVG-Reform-Referendum_dusting-furniture-2023-11-27-05-10-39-utc-360x240.webp 360w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11152124\/Smolio-Blog_BVG-Reform-Referendum_dusting-furniture-2023-11-27-05-10-39-utc-400x267.webp 400w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/span><\/figure><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-afc0c3b\" id=\"bvg-reform-referendum-wie-sehen-die-finanziellen-auswirkungen-aus\" data-block-id=\"afc0c3b\"><h2 class=\"stk-block-heading__text\">BVG reform referendum: What are the financial implications?<\/h2><\/div>\n\n<p data-block-type=\"core\">The BVG21 reform has far-reaching financial implications, both for you as an insured person and for the entire occupational benefits system.\nAccording to the ASIP (Swiss Pension Fund Association), the total cost of the reform amounts to over CHF 11 billion over a period of 28 years; this will be used to finance the pension supplement for the transitional generation.\nOne positive aspect from the younger generation&#8217;s perspective is the reduction in redistribution: lowering the conversion rate to 6% will reduce this by CHF 400 million per year.  <\/p>\n\n<p data-block-type=\"core\">The reform may also have a direct impact on your salary deductions if your pension fund previously used the full coordination deduction and you were therefore not insured.\nDue to the percentage structure of the coordination deduction, your salary may be insured in a pension fund for the first time.\nThis will lead to higher salary deductions for you now, but also to a higher pension later on, especially if you work part-time or have a low income.\nFor many companies, the reform means additional costs because they have to insure more salary income for occupational benefits.   <\/p>\n\n<p data-block-type=\"core\">The reduction in the conversion rate will be offset by a pension supplement for today&#8217;s 50-65 year olds.<\/p>\n\n<p data-block-type=\"core\">The assessment of the reform varies: The Swiss Insurance Association (SIA) sees it as a &#8220;balanced and cost-compatible compromise for a sustainable pension scheme&#8221;.\nThe ASIP, on the other hand, sees &#8220;more disadvantages than advantages&#8221; and criticizes the fact that the proposal fails to achieve the desired goals. <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-4574893\" id=\"zusammenfassung-bvg-reform-referendum-ja-oder-nein-stimmen\" data-block-id=\"4574893\"><h2 class=\"stk-block-heading__text\">Summary: BVG reform referendum: vote yes or no?<\/h2><\/div>\n\n<p data-block-type=\"core\">The aim of the BVG reform is to adapt occupational pension provision in Switzerland to current challenges.\nIt brings with it both opportunities and risks: <\/p>\n\n<figure class=\"wp-block-table\" data-block-type=\"core\"><table><thead><tr><th>Pro arguments<\/th><th>Contra-arguments<\/th><\/tr><\/thead><tbody><tr><td>Improved protection for part-time employees and low earners<\/td><td>High costs of over 11 billion francs continue redistribution over 28 years<\/td><\/tr><tr><td>Compensation for the reduction in the conversion rate through pension supplements<\/td><td>Complex transitional arrangements lead to redistribution and inequalities<\/td><\/tr><tr><td>Strengthening the financial stability of the 2nd pillar<\/td><td>Additional financial burden for insured persons and companies<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Pros and cons of the BVG reform referendum<\/figcaption><\/figure>\n\n<p data-block-type=\"core\">So how should you vote in the BVG reform referendum?\nDo you want to set an example for the reformability of occupational pensions and accept the shortcomings despite the BVG reform referendum?\nAccording to the motto &#8220;better a bad reform than no reform&#8221;?\nEven if this means tangible disadvantages and new redistribution?   <\/p>\n\n<p data-block-type=\"core\">Many professional associations, with the exception of pension fund experts, have nevertheless voted &#8220;Yes!&#8221;.\nOr do you agree with the &#8220;No!&#8221; of the left-wing camp around the SP, Greens and trade unions, for whom the strengthening of part-time employees, recipients of low salaries and compensation for the transition generation does not go far enough? <\/p>\n\n<p data-block-type=\"core\">I leave the answer to you.\nWith the above facts, you as a voter can now carefully weigh up the arguments and make your decision based on your personal assessment of the pros and cons and your priorities for the future of occupational pensions in Switzerland. <\/p>\n\n<div class=\"wp-block-stackable-columns stk-block-columns stk-block stk-ny7q4jg stk-block-background callout\" data-block-id=\"ny7q4jg\" data-block-type=\"core\" data-block-type=\"core\"><style>.stk-ny7q4jg{background-color:#02b875 !important;margin-bottom:40px !important}.stk-ny7q4jg:before{background-color:#02b875 !important}<\/style><div class=\"stk-row stk-inner-blocks stk-block-content stk-content-align stk-ny7q4jg-column\">\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-evkx0ye\" data-v=\"4\" data-block-id=\"evkx0ye\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-evkx0ye-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-evkx0ye-inner-blocks\">\n<div class=\"wp-block-stackable-image stk-block-image stk-block stk-6a5ojbi\" data-block-id=\"6a5ojbi\"><figure><span class=\"stk-img-wrapper stk-image--shape-stretch\"><img loading=\"lazy\" decoding=\"async\" class=\"stk-img wp-image-827\" src=\"https:\/\/www.smolio.ch\/wp-content\/uploads\/2017\/08\/Vorsorgecheck-live_Einkommensu&#x308;bersicht-niedergelassene_Smolio-Wissen.png\" width=\"800\" height=\"566\" alt=\"Smolio pension check shows income in retirement with Pensions 2020\" title=\"\"><\/span><\/figure><\/div>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-va5vmk5\" data-v=\"4\" data-block-id=\"va5vmk5\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-va5vmk5-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-va5vmk5-inner-blocks\"><p data-block-type=\"core\"><div class=\"mautic-slot\" data-slot-name=\"c2a-blog-finanzdashboard\"><\/p>\n<h3>Mach den ersten Schritt zur finanziellen Unabh\u00e4ngigkeit<\/h3>\n<p> In einer Minute siehst du deine Verm\u00f6gensentwicklung und dein Einkommen w\u00e4hrend der Rente. <\/p>\n<p> <a href=\"https:\/\/cockpit.smolio.ch\/de\/vorsorgecheck\/start\/1\/\" target=\"_blank\" rel=\"noopener\">Rentenrechner starten<\/a> <\/p>\n<p><\/div><\/p>\n<\/div><\/div><\/div>\n<\/div><\/div>\n\n<div class=\"wp-block-stackable-columns stk-block-columns stk-block stk-83b6411 stk-block-background\" data-block-id=\"83b6411\" data-block-type=\"core\" data-block-type=\"core\"><div class=\"stk-row stk-inner-blocks stk-block-content stk-content-align stk-83b6411-column\">\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-f2ad0b4\" data-v=\"4\" data-block-id=\"f2ad0b4\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-f2ad0b4-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-f2ad0b4-inner-blocks\">\n<h4 class=\"wp-block-heading has-small-font-size\" id=\"h-disclaimer\">Disclaimer<\/h4>\n\n\n\n<p class=\"has-small-font-size\" id=\"h-unser-tipp-gut-rechnen-ist-angesagtfalls-du-die-effektiven-kosten-f-rs-arbeitszimmer-abziehst-verlierst-du-den-pauschal-abzug-f-r-die-berufskosten-denn-es-geht-nur-entweder-abzug-der-effektien-kosten-oder-pauschalabzug-f-r-homeoffice-tage-kannst-du-auch-keine-fahrtkosten-abziehen-rechne-daher-gut-nach-was-dir-den-h-heren-abzug-bringt-vermutlich-f-hrst-du-in-den-meisten-f-llen-besser-mit-dem-pauschalabzug\" data-block-type=\"core\">We have taken great care in compiling the content of this article. Nevertheless, we cannot rule out errors and cannot guarantee that the content is correct, up-to-date or complete. This article does not replace tax advice. We do not offer investment or tax advice and recommend that tax issues are always clarified with a tax expert and\/or the relevant cantonal tax authorities. Any liability is rejected.    <\/p>\n<\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Vote yes or no to the BVG reform referendum?<br \/>\nOn September 22, 2024, Switzerland will decide on the future of occupational pensions.<br \/>\nThe reform will bring far-reaching changes to retirement pensions.<br \/>\nFind out what this means for you and your financial future.   <\/p>\n","protected":false},"author":8,"featured_media":8102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2177],"tags":[2372,2369,2368,2371,2370,2179,2373,2367],"class_list":{"0":"post-8561","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-understanding-the-swiss-pension-system","8":"tag-bvg-reform-en","9":"tag-conversion-rate","10":"tag-coordination-deduction-en","11":"tag-occupational-pension-provision","12":"tag-part-time","13":"tag-pension-amount-in-switzerland","14":"tag-referendum-en","15":"tag-snb"},"nelio_content":{"autoShareEndMode":"never","automationSources":{"useCustomSentences":false,"customSentences":[]},"efiAlt":"","efiUrl":"","followers":[],"highlights":[],"isAutoShareEnabled":false,"networkImageIds":[],"permalinkQueryArgs":[],"series":[],"suggestedReferences":[]},"featured_image_urls_v2":{"full":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11151827\/Smolio-Blog_BVG-Reform-Referendum_towels-for-new-guests-2023-11-27-04-59-13-utc.webp",1200,800,false],"thumbnail":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11151827\/Smolio-Blog_BVG-Reform-Referendum_towels-for-new-guests-2023-11-27-04-59-13-utc-315x210.webp",315,210,true],"medium":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11151827\/Smolio-Blog_BVG-Reform-Referendum_towels-for-new-guests-2023-11-27-04-59-13-utc-800x533.webp",800,533,true],"medium_large":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11151827\/Smolio-Blog_BVG-Reform-Referendum_towels-for-new-guests-2023-11-27-04-59-13-utc-768x512.webp",768,512,true],"large":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11151827\/Smolio-Blog_BVG-Reform-Referendum_towels-for-new-guests-2023-11-27-04-59-13-utc.webp",1140,760,false],"1536x1536":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11151827\/Smolio-Blog_BVG-Reform-Referendum_towels-for-new-guests-2023-11-27-04-59-13-utc.webp",1200,800,false],"2048x2048":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11151827\/Smolio-Blog_BVG-Reform-Referendum_towels-for-new-guests-2023-11-27-04-59-13-utc.webp",1200,800,false],"davenport-blog-thumb":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11151827\/Smolio-Blog_BVG-Reform-Referendum_towels-for-new-guests-2023-11-27-04-59-13-utc-1140x694.webp",1140,694,true],"davenport-blog-thumb-grid":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11151827\/Smolio-Blog_BVG-Reform-Referendum_towels-for-new-guests-2023-11-27-04-59-13-utc-555x360.webp",555,360,true],"davenport-blog-thumb-widget":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11151827\/Smolio-Blog_BVG-Reform-Referendum_towels-for-new-guests-2023-11-27-04-59-13-utc-220x180.webp",220,180,true],"davenport-blog-thumb-masonry":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11151827\/Smolio-Blog_BVG-Reform-Referendum_towels-for-new-guests-2023-11-27-04-59-13-utc-360x240.webp",360,240,true],"woocommerce_thumbnail":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11151827\/Smolio-Blog_BVG-Reform-Referendum_towels-for-new-guests-2023-11-27-04-59-13-utc-300x300.webp",300,300,true],"woocommerce_single":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11151827\/Smolio-Blog_BVG-Reform-Referendum_towels-for-new-guests-2023-11-27-04-59-13-utc-400x267.webp",400,267,true],"woocommerce_gallery_thumbnail":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/07\/11151827\/Smolio-Blog_BVG-Reform-Referendum_towels-for-new-guests-2023-11-27-04-59-13-utc-300x300.webp",300,300,true]},"post_excerpt_stackable_v2":"<p>Vote yes or no to the BVG reform referendum?<br \/>\nOn September 22, 2024, Switzerland will decide on the future of occupational pensions.<br \/>\nThe reform will bring far-reaching changes to retirement pensions.<br \/>\nFind out what this means for you and your financial future.   <\/p>\n","category_list_v2":"<a href=\"https:\/\/www.smolio.ch\/en\/finanzthemen\/understanding-the-swiss-pension-system\/\" rel=\"category tag\">Understanding the Swiss pension system<\/a>","author_info_v2":{"name":"Thomas","url":"https:\/\/www.smolio.ch\/en\/wissen\/author\/thomas\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/posts\/8561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/comments?post=8561"}],"version-history":[{"count":2,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/posts\/8561\/revisions"}],"predecessor-version":[{"id":9605,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/posts\/8561\/revisions\/9605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/media\/8102"}],"wp:attachment":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/media?parent=8561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/categories?post=8561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/tags?post=8561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}