The recent decline of pension funds assets, which has been caused by the COVID-19 crisis, makes for a reform of Switzerland’s occupational pensions even more urgent, the managing director of the employers association Schweizerische Arbeitgeberverband, Roland Müller, told IPE.
The Swiss Employers’ Association expects the Federal Council to submit its message to parliament as soon as its operations resume back to normal, he said.(…)
“The extension of the deadline will not affect our position,” he said, adding that social partner compromise has broad support from the association’s members.
For Sergio Bortolin, managing director of Aska Pensionskasse, an occupational pensions reform is inevitable due to demographic developments, the ongoing low interest rate environment, and other social changes.
“The redistribution from actively insured persons to pensioners must be reduced to an acceptable level,” he added.