Florian Zainhofer Life Cycle Investing and Occupational Old-Age Provision in Switzerland
GABLER EDITION WISSENSCHAFT
Florian Zainhofer
Life Cycle Investing and Occupational Old-Age Provision in Switzerland
GABLER EDITION WISSENSCHAFT
Bibliographic information published by the Deutsche Nationalbibliothek The Deutsche Nationalbibliothek lists this publication in the Deutsche Nationalbibliografie; detailed bibliographic data are available in the Internet at http://dnb.d-nb.de.
Dissertation Université de Fribourg, 2008
1st Edition 2008 All rights reserved © Gabler | GWV Fachverlage GmbH, Wiesbaden 2008 Editorial Office: Frauke Schindler / Anita Wilke Gabler Verlag is part of the specialist publishing group Springer Science+Business Media. www.gabler.de No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the copyright holder. Registered and/or industrial names, trade names, trade descriptions etc. cited in this publication are part of the law for trade-mark protection and may not be used free in any form or by any means even if this is not specifically marked. Cover design: Regine Zimmer, Dipl.-Designerin, Frankfurt/Main Printed on acid-free paper Printed in Germany ISBN 978-3-8349-1087-5
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12900
38700
77400
2150
2150
1634
1634
1075
1075
12900
38700
77400
Relevant average earnings in CHF
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'4C8A4<4=C ?A>E8B8>= 8= (F8CI4A;0=3
19350 25800
77400
54825
Coordinated earnings in CHF
54825
3225
3225 19350 25800
77400
Relevant AHV earnings in CHF
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Minimum old-age credits (% of coordinated earnings) Age Women Men Rate 25-34 25-34 7% 35-44 35-44 10% 45-54 45-54 15% 55-64 55-65 18%
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BV pension funds
Legal form Private
Public
Registration Registered
Mandatory provision only
Administration
Not registered
Type of plan
Cumulative institutions Combined institutions
Additional provision
Mixed forms
Risk coverage
Autonomous
Semi-autonomous
No risk reinsured Excess risks reinsured
Foundation
Pre-mandatory
Defined contribution
Cooperative society
Supra-mandatory
Defined benefit
Collective
Old-age pensions not reinsured, at least death or invalidity reinsured All risks reinsured
Pre- and supra-mandatory
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Combined AHV and mandatory BV pension relative to relevant annual AHV earnings
1
0.8
0.6
BVG replacement rate
0.4
Combined replacement rate
0.2 AHV replacement rate
50000
100000
150000
200000
250000
300000
Constant relevant annual AHV earnings (CHF)
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