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New in 2021: OASI/IV pensions, LEC contribution, LOB limiting amounts

OASI and IV pensions will be adjusted as at 1 January 2021, in parallel, the limiting amounts for occupational benefits will also be raised. And the introduction of paternity leave will cause LEC contributions to rise. Here is the most important information for employers in a nutshell.

14 January 2021, text: Priska Schnell, photo: istock, Helvetia

Entrepreneur with his employees at the workplace
Employers and employees jointly pay social insurance contributions.

OASI/IV pensions and LEC contribution

OASI (retirement) and IV (disability) pensions will be adjusted as at 1 January 2021 to reflect inflation, increasing by 0.80 percent. The maximum basic retirement pension and the full disability pension will increase from 28,440 to CHF 28,680 francs. Widow’s and widower’s pensions, orphan’s pensions and children’s pensions will also rise, as will the OASI and IV attendance allowance and the supplementary benefit covering basic necessities.

The introduction of paternity leave will cause LEC contributions to rise by 0.05 percentage points.

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LOB minimum interest rate and limiting amounts

The LOB minimum interest rate remains unchanged at 1%.

In parallel with the increase in OASI retirement pensions, the limiting amounts for occupational benefits will also be raised. The overview below shows the amounts applicable as from 1 January 2021.

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News on the 2nd pillar

You can find all key changes in the first and second pillars in “Helvetia – News on the 2nd pillar 2021.”

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