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Old 04.02.2017, 14:15
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Miserable CH pension

During the almost 10 years I have been receiving a state pension from the Swiss Government, this has increased by a miserable Fr2.--
Initial payment was 158.-- [this after working six years in Winterthur], which was then increased to 160.-- where it has been stuck for the last 6 years.
In view of the fact that inflation during that time has been increasing gradually, although not as fast as in other neighbouring countries and perhaps not as much as anticipated, nevertheless one would have thought 2.-- was somewhat inadequate after 10 years. Anyone else having this problem?
Wrote to Geneva about this and they basically told me to get lost!
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Old 04.02.2017, 14:24
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Re: Miserable CH pension

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During the almost 10 years I have been receiving a state pension from the Swiss Government, this has increased by a miserable Fr2.--
Initial payment was 158.-- [this after working six years in Winterthur], which was then increased to 160.-- where it has been stuck for the last 6 years.
In view of the fact that inflation during that time has been increasing gradually, although not as fast as in other neighbouring countries and perhaps not as much as anticipated, nevertheless one would have thought 2.-- was somewhat inadequate after 10 years. Anyone else having this problem?
Wrote to Geneva about this and they basically told me to get lost!
You live in France. The EUR over that period has lost 2/3 it's value, so in EUR terms, your pension has increased by 50%!

The rest of us should be so lucky.

Tom
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Old 04.02.2017, 14:25
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Re: Miserable CH pension

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During the almost 10 years I have been receiving a state pension from the Swiss Government, this has increased by a miserable Fr2.--
Initial payment was 158.-- [this after working six years in Winterthur], which was then increased to 160.-- where it has been stuck for the last 6 years.
In view of the fact that inflation during that time has been increasing gradually, although not as fast as in other neighbouring countries and perhaps not as much as anticipated, nevertheless one would have thought 2.-- was somewhat inadequate after 10 years. Anyone else having this problem?
Wrote to Geneva about this and they basically told me to get lost!
Prices have hardly changed in CH, so pensions have not changed much either.
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Old 04.02.2017, 14:31
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Re: Miserable CH pension

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Prices have hardly changed in CH.
Health insurance premiums excepted but given that the OP lives in France she won't be affected by that.

160chf a month for 6 years of work isn't bad compared to a lot of places.
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Old 04.02.2017, 15:05
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Re: Miserable CH pension

Sorry Evianer- don't want to sound unsympathetic - but you should try living on a UK pension in CH

60% loss in a few years isn't for the faint hearted.... thank goodness we can shop in France, like you... and UK.

Last edited by Odile; 04.02.2017 at 18:26.
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Old 04.02.2017, 18:14
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Re: Miserable CH pension

Assuming full contributions (today salary level 84'600) during 6 out of max. 44 contribution years, this would be:
(6/44) * 28'200 CHF / 12 month = 320,-.
where 28'200 is the maximal yearly AHV pension.

BTW: I've noticed that the AVH (fist pillar) pension is very redistributive:
Monatliche Vollrenten, Skala 44
However, this redistribution is limited because of the relatively low maximum pension.
The only advice would be to move to CH and live off the supplementary benefits/ErganzungLeistungen: the supplementary benefits/ErganzungLeistungen
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Old 04.02.2017, 18:28
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Re: Miserable CH pension

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Sorry Evianer- don't want to sound unsympathetic - but you should try living on a UK pension in CH

Over 60+ loss in a few years isn't for the faint hearted.... thank goodness we can shop in France, like you... and UK.
It's lost less than 25% since you joined the forum in September 2010.
Don't let accuracy get in the way of a good story. Teachers pensions (& NHS) are index linked so you have not even done as badly as that either so I will not get the violin out yet.
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Old 04.02.2017, 20:00
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Re: Miserable CH pension

I'll trust our accountant's maths, thanks. 2.50 to 1.20 so far- and hit 1.18 some time ago.
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Old 04.02.2017, 20:13
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Re: Miserable CH pension

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I'll trust our accountant's maths, thanks. 2.50 to 1.20 so far- and hit 1.18 some time ago.
Anyone with access to google will be able to confirm the £ has not bought 2.5 CHF at any point in the last 10 years (It did get very close on 8 Feb 2007). Even if you were telling the truth a 60% + fall would mean the CHF was worth £1 or more.
So even using 2.50 since you moved to CH, your claim is still a fairy story. Clearly maths was never a strong point. Perhaps get a new accountant (we know you made that bit up as well)
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Old 04.02.2017, 20:17
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Re: Miserable CH pension

Won't respond- just too pathetic. Thanks. 2007- 2.50.
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Old 04.02.2017, 21:05
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Re: Miserable CH pension

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Won't respond- just too pathetic. Thanks. 2007- 2.50.
That high was just a 10 year blip in long slide of GBP from the main reserve currency status, replaced by USD.
USD/CHF 1953-2017
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Old 04.02.2017, 23:51
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Re: Miserable CH pension

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Won't respond- just too pathetic. Thanks. 2007- 2.50.
Odile please STOP lying, let me remind you of the first thread you started on EF. You must think we are all so stupid. Even so there has not been a 60%+ fall from 2007.

You wrote the following on 9/9/2010

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Hi - I was born and bred in the Neuchatel Jura and went to the London for 6 months ... 40 years ago (Staffs and East Leics after London). Been back over here for just over a year - with retired UK OH - enjoying my native mountains- but with regular visits to UK family and friends.
Hi from the Neuchatel Jura mountains
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Old 05.02.2017, 00:20
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Re: Miserable CH pension

You poor man...

We bought the house in 2007, the year OH retired and began drawing his pension (not quite 2.50 but VERY close) and made the decision to move then... for all sorts of reasons we were only able to move in March 2009. Shall I get our Notary to send you a copy, the Bank too?

On ignore, there is no hope, sadly.
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Old 05.02.2017, 00:36
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Re: Miserable CH pension

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You poor man...

We bought the house in 2007, the year OH retired and began drawing his pension (not quite 2.50 but VERY close) and made the decision to move then... for all sorts of reasons we were only able to move in March 2009. Shall I get our Notary to send you a copy, the Bank too?

On ignore, there is no hope, sadly.
For who, you or Fatmanfilms ?
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Old 05.02.2017, 11:35
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Re: Miserable CH pension

I really don't get what you two old farts see in each other, but get a room and keep it private, please.
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Old 05.02.2017, 20:10
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Re: Miserable CH pension

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We bought the house in 2007, the year OH retired and began drawing his pension (not quite 2.50 but VERY close) and made the decision to move then...
Great timing actually with your house purchase, it looks like you've made a great deal by using an unusually strong GBP to invest in unusually weak CHF country at that time.

Back in late '00 1CHF equaled 1.9 Polish zloty (PLN).
Now it costs more than 4, while prices and salaries in both countries barely changed in their respective currencies.
In my sanity I should now take all my savings in overvalued CHF, convert them into undervalued PLN, and buy hard assets there, and profit from it, and hope for a recovery of the exchange ratio. Can't decide to do the jump hoping that Swiss properties crash soon and I could buy here instead :-)
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Old 05.02.2017, 21:43
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Re: Miserable CH pension

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Great timing actually with your house purchase, it looks like you've made a great deal by using an unusually strong GBP to invest in unusually weak CHF country at that time.

Back in late '00 1CHF equaled 1.9 Polish zloty (PLN).
Now it costs more than 4, while prices and salaries in both countries barely changed in their respective currencies.
In my sanity I should now take all my savings in overvalued CHF, convert them into undervalued PLN, and buy hard assets there, and profit from it, and hope for a recovery of the exchange ratio. Can't decide to do the jump hoping that Swiss properties crash soon and I could buy here instead :-)
Swiss properties will not crash. Might go down but not crash as it's not only the Swiss Frank, we got a land problem (lack of ground to build on).
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Old 05.02.2017, 22:22
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Re: Miserable CH pension

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Swiss properties will not crash. Might go down but not crash as it's not only the Swiss Frank, we got a land problem (lack of ground to build on).
It's based on the ability for people to borrow cheap money & nothing else. If min deposits rise to 50% prices would fall 50% or more.
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Old 06.02.2017, 09:20
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Re: Miserable CH pension

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It's based on the ability for people to borrow cheap money & nothing else. If min deposits rise to 50% prices would fall 50% or more.
Not sure it's quite so linear. Has insisting that a minimum of 10% of the equity has to be in cash led to a drop in of 10% or just slowed down the growth rate?
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Old 06.02.2017, 10:08
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Re: Miserable CH pension

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During the almost 10 years I have been receiving a state pension from the Swiss Government, this has increased by a miserable Fr2.--
Initial payment was 158.-- [this after working six years in Winterthur], which was then increased to 160.-- where it has been stuck for the last 6 years.
In view of the fact that inflation during that time has been increasing gradually, although not as fast as in other neighbouring countries and perhaps not as much as anticipated, nevertheless one would have thought 2.-- was somewhat inadequate after 10 years. Anyone else having this problem?
Wrote to Geneva about this and they basically told me to get lost!
Nonsense.

The LIK (Landesindex der Konsumentenpreise, consumer price index) went from 101.2 in December 2007 to 101.6 in December 2016. Its interim December top was registered in in 2011 at 104.1 so it has actually fallen in the last rew years.
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