Part-time work and lower wages pose a risk to personal retirement. Careful planning is important.
The two pillars of AHV and Pensionskassen should actually provide 60% of their previous earnings after retirement. But the system shakes. Retirement income may already be significantly lower today. Whoever does not make a hole with the third pillar capital must have a significant reduction in his standard of living. Part of it also threatens the poverty of old people.
In the extreme case
A new study by UBS shows that it may be rare, especially among older women. But not only.
A fictitious example of Sandra
Sandra has a hairdressing salon for 30 years. Business is better, sometimes worse. On average, it earns 45,000 francs a year. He / she will pay the mandatory AHV contributions and place as much as possible in his account in column 3a.
When Sandra retires, she is expected to receive a monthly income of 2.980 francs. With money he can live in Switzerland more than bad.
Why is pension so deep, explains Jackie Bauer, author of the UBS study: "First, this salary is not enough to achieve a full AHV, but Sandra does not have a pension fund in this example."
Self-employed and pension fund
Self-employed persons may or may not pay to the pension fund. "With this low wage, she decided not to do so," Bauer said.
Sure, the example is an extreme case, said Bauer. However, according to the study, women generally receive smaller pensions than men.
She prefers women at a glance
At first sight, numbers look positive for women like AHV. Because 66% of all deposits come from men. Only 46% of AHV retirement benefits are returned to them. In addition, women usually receive the same pension rate conversion rate as men, although they work less and spend an average of three years longer.
On the other hand, however, disadvantaged
However, all these benefits should not replace lower earnings, work breaks for children and subsequent partial pensions, says preventive expert Jackie Bauer.
In particular, part-time women have far lower pensions, according to a study. For example, many affected women will not receive a maximum AHV pension due to wastage if they are not married to a full-time worker.
Part-time work as a problem
According to the federal statistical office, four out of ten women work in limited numbers. Three of them work below 50 percent. This is much more than in other European countries.
Although men in Switzerland usually work full-time, more and more men are reducing their workload by cultural changes in childcare. For them, they are essentially the same as for women, says Jackie Bauer.
Low wages as another obstacle
Whether it is a man or a woman, it will become financially stricter, even if the gross wage falls below 85,000 francs. The insured would not receive a maximum AHV pension. At least not if the person is not married and can count on partner's contributions.
And even in the case of the second pillar, low wages can be a problem, says Bauer: "The second pillar calls for only a barrier of more than 20,000 francs to be overcome, so the whole capital is insured in the second pillar."
Part-time work keeps women in working life
Although the calculation of whether a parent's job is financially worthwhile, there may be a denial. After deducting the cost of care, wages are often unnecessarily low. But short-term considerations are rarely worthwhile, we also have to think of retirement gaps, so Bauer. In addition, the woman remains a long-term labor market in the part-time labor market.