{"id":8806,"date":"2017-05-28T11:44:38","date_gmt":"2017-05-28T09:44:38","guid":{"rendered":"https:\/\/www.smolio.ch\/wissen\/pension-provision-2020-can-we-still-afford-the-daily-ice-cream\/"},"modified":"2017-05-28T11:44:38","modified_gmt":"2017-05-28T09:44:38","slug":"pension-provision-2020-can-we-still-afford-the-daily-ice-cream","status":"publish","type":"post","link":"https:\/\/www.smolio.ch\/en\/wissen\/pension-provision-2020-can-we-still-afford-the-daily-ice-cream\/","title":{"rendered":"Pension provision 2020.\nCan we still afford the daily ice cream"},"content":{"rendered":"Lesedauer<\/span> 4<\/span> Minuten<\/span><\/span>

In the fall, we will be voting on the 2020 pension reform.
\nThe reduction in the conversion rate for pension funds is currently being discussed in many places.
\nMany people are asking themselves what the reform actually means.
\nHow much could I lose?
\nDo I have to do anything? <\/p>\n

<\/p>\n

So that we can maintain a certain lifestyle in old age, we are automatically and ineligibly provided with AHV<\/b> (the 1st pillar, basic protection) and BVG<\/b>
\n(the
\n2nd pillar, occupational benefits).
\nHowever, we can rely less and less on the
\n1. and
\n2nd pillar, the tied pension provision, will provide 60% of our previous income in old age.
\nThe remaining gap has to be covered by unrestricted
\npension provision.
\nYou can find out more about this in a separate article on the 3rd pillar<\/a>.
\nIn response to increased life expectancy, declining birth rates and the low interest rate environment<\/b> of recent years, the
\n1st and
\n2nd pillar are being reformed.
\nThe pension benefits of the
\n1st pillar (AHV) are to be expanded.
\nOccupational pension benefits (2nd pillar) are to be reduced.
\nThe statutory minimum conversion rate in the pension funds is to be reduced in 4 stages by 0.2% each time, from 6.8% to 6.0%.
\nThe additional pension benefits in the
\n1st pillar are to be financed by a gradual increase in value added tax by 2029.
\nBut what do these figures mean for you?<\/p>\n

\n
<\/i> Basics<\/div>\n
What will change with the 2020 pension reform<\/a><\/div>\n

For some more AHV benefits (1st pillar)<\/b><\/h3>\n