Hello
Have you seen this new law proposal where the limit of 3rd pilar could be 15000?
Would you know what will be the next steps to get this law approved ?
Thatâs interesting indeed, although it hasnât been adopted by either chamber yet, and the commissionâs report actually recommends rejecting it, so weâll see next year.
Yes, youâre absolutely right. Thatâs also what I meant by buying back âmissing years of contributionsâ. In that sense, whether one measure or the other is more beneficial will depend on each individualâs personal situation (e.g. age, length of career in Switzerland, etc.). In any case, if the annual limit were to be increased to 15K for instance, I assume that the other provision (buy-backs) would need to be adjusted accordingly anyway.
This parlamentary initiative is a point of the agenda in the social security and health committee meeting end of January: sitzungsplanung-sgk-s (parlament.ch) (20.494, 3rd line)
I imagine, that it will therefore finally be treated by the StÀnderat in their spring session (27. Feb - 17. Mar).
If thatâs the case, it only took them a year to go from one chamber to the other.
Update2 on this topic:
The social security and health comission of the StÀnderat (council of states) discussed this in January and they voted against increasing the 3a limits to 15k.
This means, that the entire StÀnderat will have to vote on this initiative.
Spring session agenda will be available at the end of this week. If accepted, the commission (of the national council) will have two years to elaborate a project.
Yes and then both councils vote again on that.
Although I donât see how you would need two years to increase 3a limit from 7k to 15k. Because IMHO there isnât much wriggle room how the decree should look.
So I just wrote a mail to one of the national assembly members co-signing the initiative (that, curiously, I have a number of linkedin acquaintances with), asking him what itâd need to drive those two motions/initiaties forward.
Letâs see how that goes.
EDIT: Replied within ten minutes, ha! 19.3702 / purchase into 3a is, supposedly, waiting on action of the Federal Council / Federal Department of Home Affairs. The FDP parliamentary group already decided to follow up and ask about this at the next parliamentary question time.
âSchon heute zahlten nur etwa zehn Prozent der Bevölkerung jĂ€hrlich den Maximalbetrag von rund 6800 Franken ein.â
Typical politician argument. A number is thrown out without any context or critical thinking. How many people are aware of 3a and the possible tax savings? How many are aware but donât want to use their expensive house bank solutions? How many are aware of low-cost solutions like VIAC and finpension?
Still, I think the possibility to compensate years for which you didnât contribute in the past is more important than increasing the maximal amount, because of the salary volatility people may have.