{"id":8737,"date":"2020-04-12T20:36:39","date_gmt":"2020-04-12T18:36:39","guid":{"rendered":"https:\/\/www.smolio.ch\/wissen\/retirement-credits\/"},"modified":"2024-12-01T15:13:17","modified_gmt":"2024-12-01T14:13:17","slug":"retirement-credits","status":"publish","type":"post","link":"https:\/\/www.smolio.ch\/en\/wissen\/retirement-credits\/","title":{"rendered":"Retirement credits"},"content":{"rendered":"Lesedauer<\/span> < 1<\/span> Minute<\/span><\/span>\n

Retirement credits are all the savings contributions that you and your employer(s) have paid into your occupational benefit scheme<\/strong>. So, credit<\/em> is a nice way of describing the monthly compulsory contribution that you pay into your 2nd pillar. And the amount of the retirement credits increases with your age. <\/p>\n\n\n\n

This is because it is calculated as a percentage of your insured salary<\/a>. After all, by law the employer must pay at least half (50 %) of the contribution and deduct the other half from your salary. The employer then transfers both to the pension fund. <\/p>\n\n

Age <\/strong><\/td>Credit rate in % of the insured salary<\/strong><\/td><\/tr>
25-34<\/td>7 %<\/td><\/tr>
35-44 <\/td>10 %<\/td><\/tr>
45-54<\/td>15 %<\/td><\/tr>
from 55<\/td>18 %<\/td><\/tr><\/tbody><\/table>
Retirement credits for occupational benefits (2nd pillar) by age<\/figcaption><\/figure>\n\n

Let’s take a look at the effect of age-dependent credits using an example calculation for 25-year-old Renzo. If Renzo remains in employment until normal retirement age, he will achieve retirement assets<\/a> of 500 % of the insured salary<\/a> without taking compound<\/a> interest into account. This is because the retirement assets are made up of 10 years * 7 % retirement credits + 10 years * 10 % + 10 years * 15 % + 10 years * 18 % retirement credits. So you can remember: the last 10 years account for around \u2153 of your retirement credits<\/strong>. This is why early retirement is a comparatively “expensive thing”, as your employer pays at least half of it. <\/p>\n\n

If you would like to know more, you can find out<\/a> about the planned reforms to the pension system, in which an adjustment of the retirement credits is under discussion, or read the article on the pension fund statement<\/a>.<\/p>\n\n