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Capital withdrawals in occupational pension schemes increased significantly again in 2022. A total of 13 billion francs, or 15.4 percent more, was paid in the form of a lump sum or partial lump sum payment after retirement. This emerges from the 2022 pension fund statistics of the Federal Statistical Office (BFS).
Significant increase compared to the previous year
This is also 79 percent more than five years ago and 121 percent more than ten years ago. An average payment of 240 thousand 291 francs was made per person, which corresponds to an 8.9 percent increase compared to 2021. The increase in the five-year period is 27 percent and in the ten-year period it is 40 percent. In contrast to the payments, according to BFS figures, a total of 893,888 people received pensions worth a total of 25.2 billion francs in 2022. They are therefore entitled to receive an average of 28,236 francs per year based on the annual pension in December 2022.
Pension fund assets stagnate
The assets of 1,353 pension funds in Switzerland amounted to 1,066 billion francs at the end of the reporting year; This is about the same as in 2020. Due to the weak development in financial markets and large losses on stock and bond exchanges, the net result from investments was negative, as expected, at -105 billion francs. This development has also led to relatively large changes in individual investment positions. For example, the share of stocks in the total balance sheet decreased to 28.9 percent (previous year: 31.6 percent), while the share of bonds decreased to 27.1 percent (27.8 percent). On the other hand, the share of real estate increased to 23.6 percent (20.9 percent).
Deficiency increases
Underfunding in pension funds has increased by almost a third to 39.9 billion francs in 2022, according to the BFS. It was 36.3 billion francs for 66 public pension institutions and 3.6 billion francs for 1,287 private pension institutions.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
