Bern, Switzerland (GenevaLunch) - Switzerland’s pension funds, known as the deuxième pilier, or second pillar in the retirement system, need help immediately, a federal government study published Friday 17 July shows. The funds have been badly diminished by the economic crisis and the fall in stock markets. The report recommends immediately applying a lower interest rate and raising the amount paid in, in order to boost reserves.
Posted by Ellen Wallace on 20 July 2009 at 8:10 | permalink
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News story, GenevaLunch, 20 July 2009.
Filed under: Politics
Tags: 2eme pilier, Business, deuxieme, increased deductions, pension funds, reduced interest rates, retirement, Swiss news
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