Skip to main content
hero_abbdiscovery_2020_global_extern
—
ABB pension schemes
Structure of the Swiss social 
security system
Visit this page in:  German | Italian | French

The Swiss pension system, which covers the events of old age, disability and death, is based on several pillars (three-pillar system). Each of the three pillars has clearly defined functions. Together, the three pillars form a solid and stable system.
The first pillar consists of the state pension scheme based on old age and survivors’ insurance/ disability insurance (AHV/IV). The state pension scheme aims to meet the basic needs in the event of loss of income due to old age, disability or death.
The second pillar comprises occupational pension plans (BVG). Occupational pension plans aim to ensure that the previous adequate standard of living can be maintained by supplementing state AHV/IV benefits with pension fund benefits.
The third pillar consists of private pension schemes (individual pension plans). Private pension schemes cover further pension needs through voluntary pension plans that are either subject to tax privileges (tied, pillar 3a) or not (flexible, pillar 3b).
Swiss Federal Law on Occupational Retirement, Survivors’ and Disability Benefit Plans (BVG): The BVG defines the minimum regulations for the insurance of employees in Switzerland under the second pillar. As an employer with a socially responsible approach, ABB Switzerland Ltd. offers its employees insurance beyond the mandatory pension scheme in a so-called all-inclusive BVG pension fund.
Pension fund
Supplementary insurance
1e​
Visit this page in:  German | Italian | French