Hey Bojack,
since i (have to) swich my pension fund soon, i looked into it. i had the situation for 2017, where stock markets made 20%+, that my pension fund made 6% and increased my stash by 1%.
I inquired and they simply told me, that the remaining 5% are used for the pension fund’s reserve fund and paying today’s pension. suckers. that’s my money.
since this is not about to change (pension funds are obliged by law to put ~2/3 of their assets into mostly swiss bonds @currently 0%, and demographics get even worse) you probably should reduce your contributions to the absolute minimum/ save whatever you can from the pension fund.
imagine, throughout the bull market of the last decade pension funds returned to the savers 1-2% p.a… what could you have done with VT in that time?