Swiss Life still offers full insurance.
Swiss Life intends to gradually reduce the non-systemic redistribution of active insured persons to pension recipients, as the life insurer announced on Monday. The relevant, legally prescribed minimum benefits under the BVG would be complied with at all times. Full insurance is in high demand from SMEs and should continue to be offered.
A sustainable stabilization of occupational pensions has long been on the political agenda. An adjustment of the conversion rates to 6 percent, as provided for in the current Federal Council message on the BVG reform, is urgent due to demographic development and the low interest rate environment.
As of January 1, 2022, the conversion rate for the compulsory part of the retirement savings for women (age 64) and for men (age 65) is expected to drop to 6.50 percent from the current 6.80 percent and from 2023 to 6.20 percent.
In the extra-mandatory part of the retirement assets, the conversion rate for women is reduced from 5.00 to 4.76 or 4.54 percent. For men, the interest rates drop from 4.95 percent to 4.71 and 4.49 percent.
Published: 03/29/2021, 7:42 am