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This is grist to the mill of the initiators for a 13th AHV pension: The AHV/IV/EO compensation fund Compenswiss made billions in profit last year! The total assets increased from 37.3 to 40.6 billion francs within a year. No less than 3.3 billion francs.
This was mainly due to a performance of almost five percent of the various investment funds, which raised more than 1.8 billion francs. Of this, 1.6 billion will be accounted for by the AHV fund alone. That is more than the federal government expected in its AHV forecasts. In his financial forecasts that he used for the current voting campaign, he included 1.3 billion in investment income.
Figures fuel the voting campaign
This fuels the discussion about AHV’s finances in the final run-up to the AHV vote. The unions have been complaining for some time that the federal government is formulating AHV forecasts that are too gloomy.
In fact, predictions for years and even decades are difficult because numerous factors play a decisive role in AHV. Although the number of future retirees can be roughly predicted, economic development, immigration and market performance involve many uncertainties. Wage development is also an important point, because the AHV is largely financed from wage contributions.
And so it often happens that long-term predictions and reality are far apart. In 2000, the Federal Council warned of huge deficits worth billions, which years later turned into profits worth billions.
The Federal Council also had to correct its figures in the run-up to the vote on the higher AHV retirement age for women. For example, the wage index was adjusted, which suddenly halved the predicted financial gap for 2030. That has now disappeared – partly thanks to the AHV reform, which was barely approved by the people. The federal government expects an increase of one billion francs by 2030.
2023 approximately 3 billion surplus
“The AHV is doing well,” says central secretary of the trade union federation Gabriela Medici (38). The bottom line is that the AHV will probably post a surplus of almost 3 billion francs. Here the number matches federal forecasts. However, the final operating results of the AHV will not be published until April.
One thing is clear: more billions in surpluses can be expected, at least for the coming years. However, if the 13th AHV pension initiative continues, new sources of financing for the AHV will have to be developed in the medium term.
Opponents warn of long-term danger
Compenswiss also warns in its communication that the financial balance of the AHV is only assured for six to seven years.
There will be a pension showdown at the ballot box on March 3. The voters will then decide on two AHV initiatives: on the one hand, on the popular initiative of the trade unions for a 13th AHV pension. On the other hand, about the pension initiative of the Young Liberals.
The trade unions’ popular initiative “for a better life in old age” calls for the introduction of a 13th AHV pension. If the answer is yes, a thirteenth monthly salary for seniors will be added to the previous twelve monthly pensions.
The Young Liberals’ pension initiative aims to increase the retirement age. First, it should gradually increase from 65 to 66 years by 2033 and then be linked to life expectancy: per month of additional life expectancy it should increase by 0.8 months – to 67, 68 or more. Automatically.
Details about both initiatives can be found here.
There will be a pension showdown at the ballot box on March 3. The voters will then decide on two AHV initiatives: on the one hand, on the popular initiative of the trade unions for a 13th AHV pension. On the other hand, about the pension initiative of the Young Liberals.
The trade unions’ popular initiative “for a better life in old age” calls for the introduction of a 13th AHV pension. If the answer is yes, a thirteenth monthly salary for seniors will be added to the previous twelve monthly pensions.
The Young Liberals’ pension initiative aims to increase the retirement age. First, it should gradually increase from 65 to 66 years by 2033 and then be linked to life expectancy: per month of additional life expectancy it should increase by 0.8 months – to 67, 68 or more. Automatically.
Details about both initiatives can be found here.
The opponents of the 13th AHV pension will not be reassured by the current gains, because they see the AHV in danger in the longer term. “The decisive factor is whether the AHV spends more money than it earns in the long term,” says FDP state councilor Andri Silberschmidt (29) in the Blick debate. “In a few years the account will be in the red.”
Source:Blick
I am Liam Livingstone and I work in a news website. My main job is to write articles for the 24 Instant News. My specialty is covering politics and current affairs, which I’m passionate about. I have worked in this field for more than 5 years now and it’s been an amazing journey. With each passing day, my knowledge increases as well as my experience of the world we live in today.
