{"id":332647,"date":"2025-08-10T08:13:49","date_gmt":"2025-08-10T08:13:49","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/332647\/"},"modified":"2025-08-10T08:13:49","modified_gmt":"2025-08-10T08:13:49","slug":"swiss-pensions-have-fallen-by-16-since-2002","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/332647\/","title":{"rendered":"Swiss pensions have fallen by 16% since 2002"},"content":{"rendered":"<p>    <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/e2293f22bb98f08aa687d8c5c7cc10dab405bb8b-89804484.jpg\" width=\"1400\" height=\"1050\" alt=\"Pensions: the pension is getting lower and lower\" loading=\"eager\" decoding=\"sync\" fetchpriority=\"high\"\/><\/p>\n<p>                Pensions: the pension is getting lower and lower            <\/p>\n<p>            Keystone-SDA        <\/p>\n<p>            Listen to the article        <\/p>\n<p>            Listening the article        <\/p>\n<p>                Toggle language selector            <\/p>\n<ul class=\"read-aloud\/track-selector__options\">\n<li>\n<p>                            English (US)                        <\/p>\n<\/li>\n<li>\n<p>                            English (British)                        <\/p>\n<\/li>\n<\/ul>\n<p>            Generated with artificial intelligence.        <\/p>\n<p>        Those who retire after a lifetime of work are receiving less and less money from the Swiss pension system. The combined old-age and survivor&#8217;s pension (OASI) and pension fund payouts have fallen by an average of 16% since 2002.\n<\/p>\n<p>        This content was published on    <\/p>\n<p>        August 9, 2025 &#8211; 13:47\n<\/p>\n<p>This is the conclusion reached in an analysis published today by the financial services provider VZ Verm\u00f6gensZentrum.<\/p>\n<p>While OASI payments have tended to remain constant over the years and will increase slightly with the introduction of the 13th monthly payment from 2026, pension funds have massively reduced their benefits: pension payments are 40% lower than in 2002. The reasons are low interest rates that may soon turn negative again, rising life expectancy and the failure of the occupational pension reform.<\/p>\n<p><a href=\"https:\/\/www.swissinfo.ch\/eng\/latest-news\/\" target=\"_blank\" rel=\"noopener\"><strong>+Get the most important news from Switzerland in your inbox<\/strong><\/a><\/p>\n<p>In theory, pensions should pay out 60% of the final salary but this is no longer the case. Concretely, a person currently earning CHF100,000 per year will receive about 51% of his or her final salary in the form of a pension at retirement. With an income of CHF150,000 the share drops to as low as 42%.<\/p>\n<p>Reality is also often more bitter than expectations: pension expectations are systematically too high, warns VZ Verm\u00f6genszentrum on the basis of a survey. On the other hand, erosion is evident: a 55-year-old man with an income of CHF120,000 in 2002 could still count on an annual pension of CHF74,920; in 2025 this figure is only CHF62,860.<\/p>\n<p>The downward trend is also expected to continue. Among other things, the latest cut in the guide rate to 0.0% by the Swiss National Bank (SNB) and the further increase in life expectancy will weigh heavily.<\/p>\n<p>Adapted from Italian by DeepL\/ac<\/p>\n<p>                How we work            <\/p>\n<p>We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication.\u00a0\u00a0<\/p>\n<p>Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.<\/p>\n<p>If you have any questions about how we work, write to us at\u00a0<a href=\"https:\/\/www.swissinfo.ch\/eng\/workplace\/swiss-pensions-have-fallen-by-16-since-2002\/mailto:english@swissinfo.ch\" target=\"_blank\" rel=\"noopener\">english@swissinfo.ch<\/a>.<\/p>\n<p>    <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/1bfdfa234dc3e1ab51b9b242dd46c0a868ebd304-89804929.jpg\" width=\"1400\" height=\"1050\" alt=\"Swiss and US parliamentarians meet in Geneva\" loading=\"lazy\" decoding=\"async\" fetchpriority=\"auto\"\/><\/p>\n<p>        More    <\/p>\n<p>        Swiss and American parliamentarians meet in Geneva    <\/p>\n<p class=\"teaser-wide-card__excerpt\">\n<p>                        This content was published on                    <\/p>\n<p>                        Aug 9, 2025                    <\/p>\n<p>                Although this meeting is scheduled to take place twice a year regardless of the current crisis, tariffs were discussed.            <\/p>\n<p>    <a class=\"teaser-wide-card__link\" href=\"https:\/\/www.swissinfo.ch\/eng\/various\/swiss-and-us-parliamentarians-meet-in-geneva\/89807563?utm_source=multiple&amp;utm_medium=website&amp;utm_campaign=news_en&amp;utm_content=o&amp;utm_term=wpblock_news\" target=\"_self\" rel=\"noopener\"><\/p>\n<p>            Read more: Swiss and American parliamentarians meet in Geneva<br \/>\n    <\/a><\/p>\n<p>    <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/f1e6d077fb93ed2fa614fab6dc839b4a84e2c748-89805438.jpg\" width=\"1400\" height=\"1050\" alt=\"WTO improves its world trade forecast thanks to Trump\" loading=\"lazy\" decoding=\"async\" fetchpriority=\"auto\"\/><\/p>\n<p>        More    <\/p>\n<p>        WTO improves its world trade forecast thanks to Trump\u2019s tariffs    <\/p>\n<p class=\"teaser-wide-card__excerpt\">\n<p>                        This content was published on                    <\/p>\n<p>                        Aug 9, 2025                    <\/p>\n<p>                The World Trade Organisation (WTO) expects world trade to grow by 0.9% this year, better than expected in April. US imports surged in the first quarter as a result of Donald Trump&#8217;s tariff announcements.            <\/p>\n<p>    <a class=\"teaser-wide-card__link\" href=\"https:\/\/www.swissinfo.ch\/eng\/global-trade\/wto-improves-its-world-trade-forecast-thanks-to-trump\/89807545?utm_source=multiple&amp;utm_medium=website&amp;utm_campaign=news_en&amp;utm_content=o&amp;utm_term=wpblock_news\" target=\"_self\" rel=\"noopener\"><\/p>\n<p>            Read more: WTO improves its world trade forecast thanks to Trump\u2019s tariffs<br \/>\n    <\/a><\/p>\n<p>    <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/e5ebb5ebb917008868ff05fe96f97f55b30621b9-89807028.jpg\" width=\"1400\" height=\"1050\" alt=\"Gold exporters wait, the metal may not be taxed\" loading=\"lazy\" decoding=\"async\" fetchpriority=\"auto\"\/><\/p>\n<p>        More    <\/p>\n<p>        Swiss gold exports might not face US tariffs after all    <\/p>\n<p class=\"teaser-wide-card__excerpt\">\n<p>                        This content was published on                    <\/p>\n<p>                        Aug 9, 2025                    <\/p>\n<p>                Gold exports to the United States may not be taxed after all. The White House plans to &#8220;issue an executive order in the near future to clarify misinformation regarding the taxation of gold bullion,&#8221; among other things.            <\/p>\n<p>    <a class=\"teaser-wide-card__link\" href=\"https:\/\/www.swissinfo.ch\/eng\/global-trade\/swiss-gold-exports-might-not-face-us-tariffs-after-all\/89807403?utm_source=multiple&amp;utm_medium=website&amp;utm_campaign=news_en&amp;utm_content=o&amp;utm_term=wpblock_news\" target=\"_self\" rel=\"noopener\"><\/p>\n<p>            Read more: Swiss gold exports might not face US tariffs after all<br \/>\n    <\/a><\/p>\n<p>    <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/c96a308db0c5bb2c3010f668fed4b0737f4847ba-89806930.jpg\" width=\"1400\" height=\"1050\" alt=\"2.8 million tonnes of food loss per year\" loading=\"lazy\" decoding=\"async\" fetchpriority=\"auto\"\/><\/p>\n<p>        More    <\/p>\n<p>        The Swiss waste 2.8 million tonnes of food per year    <\/p>\n<p class=\"teaser-wide-card__excerpt\">\n<p>                        This content was published on                    <\/p>\n<p>                        Aug 9, 2025                    <\/p>\n<p>                This corresponds to around 330 kilograms of avoidable food waste per person per year.            <\/p>\n<p>    <a class=\"teaser-wide-card__link\" href=\"https:\/\/www.swissinfo.ch\/eng\/food-supply-chains\/the-swiss-waste-2-8-million-tonnes-of-food-per-year\/89807352?utm_source=multiple&amp;utm_medium=website&amp;utm_campaign=news_en&amp;utm_content=o&amp;utm_term=wpblock_news\" target=\"_self\" rel=\"noopener\"><\/p>\n<p>            Read more: The Swiss waste 2.8 million tonnes of food per year<br \/>\n    <\/a><\/p>\n<p>    <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/99891c9acc53cc656c0ea30e73341616f028d40d-89804338.jpg\" width=\"1400\" height=\"1050\" alt=\"Federal government remains mum on tariff negotiations in the USA\" loading=\"lazy\" decoding=\"async\" fetchpriority=\"auto\"\/><\/p>\n<p>        More    <\/p>\n<p>        Swiss authorities keep shtum on US tariff strategy    <\/p>\n<p class=\"teaser-wide-card__excerpt\">\n<p>                        This content was published on                    <\/p>\n<p>                        Aug 8, 2025                    <\/p>\n<p>                For tactical reasons, the government is refraining to comment on how its negotiating team in Washington is proceeding.            <\/p>\n<p>    <a class=\"teaser-wide-card__link\" href=\"https:\/\/www.swissinfo.ch\/eng\/trade-policy\/swiss-authorities-keep-shtum-on-us-tariff-strategy\/89804618?utm_source=multiple&amp;utm_medium=website&amp;utm_campaign=news_en&amp;utm_content=o&amp;utm_term=wpblock_news\" target=\"_self\" rel=\"noopener\"><\/p>\n<p>            Read more: Swiss authorities keep shtum on US tariff strategy<br \/>\n    <\/a><\/p>\n<p>    <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/1684fb89e817d1be53a3eb76a1850de1502092d6-89804010.jpg\" width=\"1400\" height=\"1050\" alt=\"Plastics: Switzerland wants &quot;a change of pace&quot; in the talks\" loading=\"lazy\" decoding=\"async\" fetchpriority=\"auto\"\/><\/p>\n<p>        More    <\/p>\n<p>        Swiss negotiator urges progress at Geneva plastics talks    <\/p>\n<p class=\"teaser-wide-card__excerpt\">\n<p>                        This content was published on                    <\/p>\n<p>                        Aug 8, 2025                    <\/p>\n<p>                Felix Wertli says a \u201cchange of pace\u201d is needed at UN talks on an international deal to combat plastic pollution.            <\/p>\n<p>    <a class=\"teaser-wide-card__link\" href=\"https:\/\/www.swissinfo.ch\/eng\/international-geneva\/plastique-la-suisse-veut-un-changement-de-rythme-des-discussions\/89804396?utm_source=multiple&amp;utm_medium=website&amp;utm_campaign=news_en&amp;utm_content=o&amp;utm_term=wpblock_news\" target=\"_self\" rel=\"noopener\"><\/p>\n<p>            Read more: Swiss negotiator urges progress at Geneva plastics talks<br \/>\n    <\/a><\/p>\n<p>    <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/ac6373510854a71eb0e80bc05ceb29189bb34650-89803415.jpg\" width=\"1400\" height=\"1050\" alt=\"Heat warning for parts of western Switzerland and Ticino\" loading=\"lazy\" decoding=\"async\" fetchpriority=\"auto\"\/><\/p>\n<p>        More    <\/p>\n<p>        Heat warning issued in  western and southern Switzerland    <\/p>\n<p class=\"teaser-wide-card__excerpt\">\n<p>                        This content was published on                    <\/p>\n<p>                        Aug 8, 2025                    <\/p>\n<p>                With the coming days set to be hot, authorities have declared a danger level of 3 out of 5 for certain parts of the country.            <\/p>\n<p>    <a class=\"teaser-wide-card__link\" href=\"https:\/\/www.swissinfo.ch\/eng\/various\/heat-warning-for-parts-of-western-switzerland-and-ticino\/89804305?utm_source=multiple&amp;utm_medium=website&amp;utm_campaign=news_en&amp;utm_content=o&amp;utm_term=wpblock_news\" target=\"_self\" rel=\"noopener\"><\/p>\n<p>            Read more: Heat warning issued in  western and southern Switzerland<br \/>\n    <\/a><\/p>\n<p>    <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/55186881cab1a75b746e2facb13d75b82d08b04e-89803301.jpg\" width=\"1400\" height=\"1050\" alt=\"Pilatus no longer delivers aircraft to the USA due to tariffs\" loading=\"lazy\" decoding=\"async\" fetchpriority=\"auto\"\/><\/p>\n<p>        More    <\/p>\n<p>        Tariffs: aircraft maker Pilatus to pause exports to the US    <\/p>\n<p class=\"teaser-wide-card__excerpt\">\n<p>                        This content was published on                    <\/p>\n<p>                        Aug 8, 2025                    <\/p>\n<p>                The Swiss aircraft manufacturer is to temporarily stop supplying the US \u2013 39% levies are too damaging, it says.            <\/p>\n<p>    <a class=\"teaser-wide-card__link\" href=\"https:\/\/www.swissinfo.ch\/eng\/trade-policy\/pilatus-liefert-wegen-z%c3%b6llen-keine-flugzeuge-mehr-in-die-usa\/89803499?utm_source=multiple&amp;utm_medium=website&amp;utm_campaign=news_en&amp;utm_content=o&amp;utm_term=wpblock_news\" target=\"_self\" rel=\"noopener\"><\/p>\n<p>            Read more: Tariffs: aircraft maker Pilatus to pause exports to the US<br \/>\n    <\/a><\/p>\n<p>    <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/584884900_highres.jpg\" width=\"1300\" height=\"867\" alt=\"Israeli Prime Minister Benjamin Netanyahu, pictured in 2023.\" loading=\"lazy\" decoding=\"async\" fetchpriority=\"auto\"\/><\/p>\n<p>        More    <\/p>\n<p>        Switzerland concerned by fresh Israeli plans for Gaza    <\/p>\n<p class=\"teaser-wide-card__excerpt\">\n<p>                        This content was published on                    <\/p>\n<p>                        Aug 8, 2025                    <\/p>\n<p>                The foreign ministry has said it is \u201cdeeply concerned\u201d about Israel\u2019s plans to expand military operations in the Gaza Strip.            <\/p>\n<p>    <a class=\"teaser-wide-card__link\" href=\"https:\/\/www.swissinfo.ch\/eng\/foreign-affairs\/switzerland-concerned-by-fresh-israeli-plans-for-gaza\/89803819?utm_source=multiple&amp;utm_medium=website&amp;utm_campaign=news_en&amp;utm_content=o&amp;utm_term=wpblock_news\" target=\"_self\" rel=\"noopener\"><\/p>\n<p>            Read more: Switzerland concerned by fresh Israeli plans for Gaza<br \/>\n    <\/a><\/p>\n<p>    <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/0af10c03d58b2838f8860c07847f58f2be06c8fa-89802983.jpg\" width=\"1400\" height=\"1050\" alt=\"Blatten: satellite images of ground movements from 2016\" loading=\"lazy\" decoding=\"async\" fetchpriority=\"auto\"\/><\/p>\n<p>        More    <\/p>\n<p>        Satellite images detect signs of Blatten landslide in 2016    <\/p>\n<p class=\"teaser-wide-card__excerpt\">\n<p>                        This content was published on                    <\/p>\n<p>                        Aug 8, 2025                    <\/p>\n<p>                Warning signs of the landslide that wiped out the village in May were visible from space years before, the ESA has found.            <\/p>\n<p>    <a class=\"teaser-wide-card__link\" href=\"https:\/\/www.swissinfo.ch\/eng\/climate-adaptation\/satellite-images-detect-signs-of-blatten-landslide-in-2016\/89803516?utm_source=multiple&amp;utm_medium=website&amp;utm_campaign=news_en&amp;utm_content=o&amp;utm_term=wpblock_news\" target=\"_self\" rel=\"noopener\"><\/p>\n<p>            Read more: Satellite images detect signs of Blatten landslide in 2016<br \/>\n    <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Pensions: the pension is getting lower and lower Keystone-SDA Listen to the article Listening the article Toggle language&hellip;\n","protected":false},"author":2,"featured_media":332648,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[3907,102486,51,474,1501,2499,95788,4678,16,15],"class_list":{"0":"post-332647","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-article","9":"tag-beat-workplace","10":"tag-business","11":"tag-finance","12":"tag-latest-news","13":"tag-personal-finance","14":"tag-sda-ready-to-publish","15":"tag-society","16":"tag-uk","17":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115003476260611982","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/332647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=332647"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/332647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/332648"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=332647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=332647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=332647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}