Employee Benefits in Switzerland 2021

The Swiss social security system comprises various forms of social insurance, which aim to protect both people living and working in Switzerland and their dependents. It is organized federally, and social security responsibilities are divided between federal and cantonal authorities.

The Swiss social security system consists of five components: old-age and disability pension; protection against the consequences of illness and accidents; income compensation allowances for military, civilian, or civil defence services; maternity and unemployment insurance; and family allowances.

The Swiss economy is based on a highly qualified labour force performing highly skilled work. Most of the country’s residents are employed by small and medium-sized enterprises.

The report provides in-depth industry analysis, information and insights of the employee benefits in Switzerland, including: overview of the state and compulsory benefits in Switzerland, detailed information about the private benefits in Switzerland, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Switzerland.

The Swiss social security system is divided into five categories, as follows –

– Pension insurance – Old-age, survivor’s, and invalidity insurance (three-pillar system)

– Health insurance

– Accident and occupational diseases insurance

– Unemployment insurance

– Maternity and family allowances

– The first pillar of the pension scheme is old-age and survivors’ insurance (OASI), which is also known as the Hinterlassenenversicherung – assurance-vieillesse et survivants (AHV-AVS)/Invalidenversicherung – Assurance-invalidité (IV-AI) scheme

– The second pillar is complementary to the first pillar, which is related to the old-age, survivors, and disability pension

– The third pillar is a private pension provision, which aims to fill any gaps in coverage by taking individual requirements into account

Scope

This report provides a detailed analysis of employee benefits in Switzerland –

– It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits

– It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, leave and private benefits

– It highlights the economic and regulatory situations relating to employee benefits in Switzerland

Reasons to buy

– Make strategic decisions using in-depth information related to employee benefits in Switzerland.

– Assess Switzerland's employee benefits market, including state and compulsory benefits and private benefits.

– Gain insights into the key employee benefit schemes offered by private employers in Switzerland.

– Gain insights into key organizations governing Switzerland's employee benefits, and their impact on companies.

Table of Contents

Table of Contents

1. Executive Summary

2. Introduction

2.1 What is this Report about?

2.2 Definitions

3. Country Statistics

4. Overview of Employee Benefits in Switzerland

5. Regulations

6. State and Compulsory Benefits

6.1 Retirement Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.2 Death in Service

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.3 Long-Term Disability Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.4 Short-Term Sickness Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.5 Medical Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.6 Workers’ Compensation insurance

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.7 Maternity and Paternity Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.8 Other Benefits

– Family Benefits

– Long-Term Care Benefits

– Minimum Resource Benefits

– Unemployment Benefits

– Leaves and Holidays

7. Private Benefits

7.1 Retirement Benefits

7.2 Death Benefits

7.3 Medical Benefits

7.4 Disability Benefits

7.5 Accidental and Dismemberment Benefits

7.6 Other Benefits

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List of Tables

List of Tables

Table 1: Insurance Industry Definitions

Table 2: Switzerland – Country Statistics

Table 3: Switzerland – Contribution as old age credits as a percentage of salary

Table 4: Switzerland Helplessness Benefits – Monthly Allowance

Table 5: Swiss Survivor’s Pensions – OASI

Table 6: Swiss Occupational Insurance Benefits – Old Age Credit Rates

Table 7: Swiss Disability Benefits – Statutory Pension Rates

Table 8: Swiss Long-Term Disability Benefits – Amount of Disability Pension

Table 9: Swiss Family Benefits – Agriculture

Table 10: Swiss Family Benefits – Other Sectors

Table 11: Swiss Long-Term Care – Age Limit

Table 12: Swiss Long-Term Care – Helplessness Allowance – Disability Insurance

Table 13: Swiss Long-Term Care – Helplessness Allowance – Old-Age and Survivor’s Insurance

Table 14: Swiss Long-Term Care – Helplessness Allowance – Accident Insurance

Table 15: Swiss Minimum Resources – Amount of Lum-Sum Benefit

Table 16: Swiss Unemployment – Helplessness Allowance

Table 17: Swiss Leave – Fixed National and Public Holidays 2021

List of Figures

List of Figures

Figure 1: Switzerland – Main Institutions of Social Security System

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