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PublicationsSocial insurance and retirement provision

Evaluation Administrative costs of the 2nd pillar - Federal Social Insurance Office

Audit number: 20297

The 2nd pillar is one of the core elements of social security in Switzerland. In 2020, it had 4.3 million active insured persons and paid out pensions to around 1.2 million people. The assets of this capital-based insurance scheme were around CHF 1,100 billion. The annual costs of the 2nd pillar institutions amount to around CHF 6.8 billion, of which CHF 5.1 billion is spent on asset management. This amounts to more than CHF 1,500 per insured person in the median pension fund each year.