As of 1 January 2021, changes regarding social security contributions as well as contribution limits for the occupational pension plan (2nd pillar) and voluntary pension plan (3rd pillar) will come into effect.
Increase of the contribution rate regarding the Income Compensation Act
The two-week paternity leave is financed by the Income Compensation Act (EO), which increases the contribution rate from 0.45% to 0.50% as of 1 January 2021. The total social security contributions consisting of AHV (old age insurance), IV (disability insurance) & EO will increase from 10.55% to 10.60%. Since these contributions are borne equally by the employee and the employer, the pro rata contributions will now be 5.30%.
Adjustment of the contribution limits of the occupational pension plan as well as the voluntary pension plan
Until now, the entry threshold for the occupational pension plan was CHF 21,330, which will be raised to CHF 21,510 as of 1 January 2021. The coordination deduction will also be adjusted and increased from CHF 24,885 to CHF 25,095.
As the contribution limits from the 2nd and 3rd pillars are coordinated, the maximum contribution that can be paid into the voluntary pension plan will also be increased from CHF 6,826 to CHF 6,883 respectively from CHF 34,128 to CHF 34,416 for persons who are not insured by an occupational pension plan.
