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Old 19.09.2020, 22:35
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Mullhollander Mullhollander is offline
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Re: years of contributions and Pillar2

Pillar 2 pensions are either Defined Benefit (DB) or Defined Contribution (DC). A DB may pay a retiree a percentage of his/her income based on years of service/ contributions. An employee's capital in a DC, on the other hand, increases based on contributions and return on investment. At retirement, the capital may be paid out as a lump-sum to the retiree, paid out to the retiree as an annuity based on a legally-required percentage and an actuarially determined percentage or transferred to an insurance company for annuity payments to the retiree.

Swiss DCs are hybrid DCs since the pension provider retains risk of a minimum return on investment.
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