In this column, guest authors share their views on economic and financial issues.
Switzerland's pension system is coming under increasing pressure. The well-established three-pillar system is reaching its limits as demographic change, evolving lifestyles and political inertia expose its structural weaknesses. The result is a growing gap between the promises of the pension system and financial reality. Although reforms have addressed individual issues, they have done little to tackle the underlying causes.
New Life Models, Outdated Logic
The problem begins with a basic assumption that is no longer fit for purpose: the pension system continues to be designed around uninterrupted, full-time careers. In reality, however, working lives have changed significantly. Part-time employment and career breaks are now common, yet they continue to be penalised within the system.
«For employees working part-time, a significant portion of their income often remains uninsured.»
