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Old 18.07.2014, 00:03
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Making sense of the pensionkasse [pension fund] statement

Hello,

I have just enrolled with the pensionkasse and got my first statement. I read the sticky about the three pillars, but I'm still confused about what is what on the statement. Can anyone help translate/explain, please?

On the first page it lists what is obviously gross annual salary "massgebender Jahreslohn" and then below this "Koordinationsabzug", which is a deduction that amounts to about a third of my salary but I don't know what this term actually is. Given the size and that I'm earning under 120k, I'm guessing it's income tax plus first pillar contributions. Is that right?

Then on the next page I see annual contributions that both I and my employer make. My contributions in this section amount to about 5% of gross salary and the employer matches it. So what are those? Second pillar?

Then beneath that I see what looks like maximum possible contributions: "maximal möglicher Einkauf in ordentliche Leistungen am <today's date>" Presumably those are optional contributions to the second pillar?

Finally, a general question, please: given that it seems possible to make optional second pillar contributions, what is the difference between those and third pillar? Is is simply that that third pillar are easier to access and don't contribute towards insurances such as the widow and orphan pensions?

Thanks!
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Old 18.07.2014, 17:49
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Re: Making sense of the pensionkasse [pension fund] statement

Well, the statement you have (mainly) relates to the second pillar, to the employer pension fund. The coordination offset is the portion that is covered by the first pillar (the AHV deductions from your salary), therefore your insured salary is your annual salary minus this offset (should be about CHF 24'600).
Both you and your employer contribute in that plan equally (that is the minimum match by the company). That's the 5% or so.
You can buy into the pension fund with a max. buy in as per the statement however in the first years in CH there is a cap of 20% of this amount in any given year. Again, all this is the second pillar.
Your possibility to save in the third pillar is separate from this and up to you to arrange with any of the banks/fin.insts. that offer this. The max. tax deductible contribution for employees participating in the second pillar is currently CHF 6739 per year (this amount may change from year to year).
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Old 18.07.2014, 17:54
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Re: Making sense of the pensionkasse [pension fund] statement

i found this site online.

http://www.helloswitzerland.ch/-/pen...ce-certificate

I have not read it in detail, so i cannot vouch for the content.
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