A large French corporate and investment Bank Natixis published its annual Global Retirement Index (Global pension index), according to which Switzerland is recognized as one of the most comfortable countries for living retirees. The ranking, which was the fifth time in a row, came in 43 States, Russia took the 40th place.
Released recently the Global Retirement IndexВнешняя reference annually measures how comfortable life retired in different countries. The index is calculated on the basis of such indicators as funding, material well-being, health and quality of life. The rating is headed by Norway (86%), followed by Switzerland with 84% and Iceland (82%).
Global pension index reflects the comfort of the situation after retirement in a country and is calculated based on the 18 parameters grouped into four major groups:
1. The index of financial security;
2. The index of financing (access to quality financial services for the protection of savings and income);
3. Health (access to quality health services);
4. The index of living standards (ecology and environment).
Each of these indices is estimated to range from 0 to 100%.
The top ten rankings were even some countries of Northern and Western Europe. At the 4th place, Sweden (80%), at the 7th Germany (77%), 8th position went to Denmark (77%), 9-I — the Netherlands (77%), 10th — Luxembourg (76%). In the fifth place of the rating of Natixis is New Zealand (80%) at 6-m — Australia (78%).
All BRICS countries are in the bottom of the rankings: China is on the 38th place, Brazil — 41, India — 43. Russia, in turn, were among the five countries, the least comfortable accommodation for pensioners. Pension index Russia amounted to 45%, which is 1% less than last year.
The Swiss pension system
Pension system, in the form in which it exists now, made in Switzerland according to the results of the Federal referendum held on 3 December 1972. This system is based on three “pillars” or “parts” (“Säulen”), each of which solves its specific tasks. The first “part” is, put simply, is the basic state pension insurance and is based on the “Law on old-age insurance and survivor’s pensions” (“AHV”). These payments and it is proposed to increase by 10%.
The Foundation of the “first pillar” is formed from the solidarity payments of the insured and the state. Live on one pension in Switzerland impossible. If you list the contributions in the “first foothold” for the maximum possible period (44 years for women, 45 for men), the minimum pension payment could reach 1 200 francs for Switzerland a little.
The second “pillar” or “part” of the pension system is made up of payments as are insured as an employee in the workplace and the employer. This procedure is regulated by “Law on professional insurance” (“Bundesgesetz über die berufliche Alters-, Hinterlassenen,- und Invalidenvorsorge”). Contributions under this regime are paying almost all employees, self-employed people can do this voluntarily.
The main objective of the second pillar is to provide for those going on a holiday, in conjunction with the “first pillar”, the usual abundance, minimally at a level of about 60% of the last wage, as up to 80%. The pension is calculated in the framework of the “second leg” on the basis of the so-called “conversion ratio”, which is now at 6.8% (starting in 2014).
For example, accumulated on his pension account 500 thousand francs, a person can get per month is 2.8 thousand francs. It will not forget, in addition to the payments under the “first pillar”. It turns out the estimated pension is 4 thousand francs. This amount is at the level actually existing in Switzerland, the minimum wage, which by local standards is still very modest.
The third “pillar” of the Swiss pension system is voluntary. Investing in your pension is under this “support” can be carried out on the basis of a countless number of options offered to its customers leading banks of the country. Switzerland actively use the system of voluntary insurance, because — and this is very important to note that it implies significant tax benefits.