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Retirement of cross -border workers in Switzerland: how does it work?
Each month, find the Crédit Agricole Savoy advice on money, savings, taxation and insurance for cross -border.
Retirement, everyone is concerned, including border workers. According to an Ifop study of 2023*, only 27% of French people say they often think about it, half of which is over 50. And yet, retirement is not a subject that we can afford to repel: the better we understand, the better we can anticipate it, and prepare it.
When you work in Switzerland, it is all the more essential. Because you must contribute to the Swiss system which is not based on a single diet, but on three distinct pillars, with very different objectives and operations. It is therefore essential to know them.
The 1ᵉʳ pillar, also called AVS (old -age and survivors), is a provision system by distribution, managed by the Swiss State, which aims to guarantee the minimum vital to all retirees.
The 2e Pillar, also called LPP (Professional Provident Act), operates by capitalization: it aims to maintain sufficient income after working life.
Finally, the 3e Pillar, the optional individual (or private) provident, makes it possible to complete your retirement income and thus limit their decline.
In our full article on www.ca-prontaliers.comwe give you all the essential keys to understand this system … and not wait for the end of your career to worry about it!
*Source: IFOP study for premium group – the French and their future retirement, 2023.
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