What is the OASI ? Discover in this guide the goals and the workings of the first pillar of the Swiss retirement and pension fund system.
Article updated on 1 January 2021
The Swiss retirement pension system is based on a three-pillar system, which are all essential elements of Switerland's social security system. When you are a Swiss resident and/or work in Switzerland, you are therefore subject to that three-pillar system.
The three pillars are:
The old-age and survivors' insurance (OASI) is the main pillar of the Swiss retirement system. Its goal is to guarantee a minimum vital income for the retirement or in case of the death of the spouse.
In Switzerland, the age for retirement is 64 for women and 65 for men. Early retirement is possible starting from 58 years old, however the retirement will be decreased in proportion.
The OASI insurance was designed based on a principle of solidarity: the active population pays contributions, which are use to finance the pensions of retirees.
This first pillar also includes:
When you have a job in Switzerland, you must pay the OASI. 50% of your contributions are directly deducted from your salary. The other 50% are paid by your employer.
Yes, even if you don't work you need to pay the OASI in Switzerland, with a minimum annual contribution of CHF 503 ! This obligation includes :
For persons with a lucrative activity, you simply need to apply the employee's rate to your gross salary to know the amount which will be witheld:
|APG / EO
1 January 2020 update: Contribution rate for OASI was slightly increased, from 8.4% to 8.7%.
1 January 2021 update: Contribution rate for APG / EO increases from 0.45% to 0.5%.
For independents and persons without a lucrative activity, the tables for their respective contribution rates can be found here.
The OASI pension that you will receive depends on the duration of contribution and your income level, more specifically :
The easiest way to calculate your future OASI pension is to use this calculator made by the Information Centre OASI/DI :
The OASI number is the Swiss social security number. It is anonymize in the form of thirteen numbers, and it will accompany you during your entire life:
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