Yes yes, I already knew it. But still, why the hell they didn’t use the solidarity rate on the exceeding part?
Is it a fixed-term contract? less than a year?
Checking your numbers I also have several question marks.
Regarding the missing cap at CHF 148’200: depending on which program your employer is using, they might not have a cap at CHF 12’350 per month. Considering you started in September, they might charge you the full percentages until you actually reach the 148k per year.
BUT: your employer would have to recalculate the cap at the end of the year, and give you some money back.
Regarding UVG+KTG: your employer seems to have more expensive plans than I have, but I have the feeling that he is billing 100% of UVG (BU+NBU) and 100% of KTG to you. Which is wrong! BU and 50% of KTG have to be paid by employer.
Not having a real HR sucks.
I guess that’s a very good assumption. I’m Paying about 1k for risk+managing costs, which is half of the costs you are paying. So basically 6k for minimum mandatory contribution (I have the same, but I chose it intentionally) and 1k for risk+managing costs.
You are basically having the minimum plan with really shitty risk costs, and the costs are split 50/50.
At Hooli, I guess it was a different ratio as well, not even talking about the total amount.
The problem is that you most probably won’t have anything to say which insurance company your employer is using. You might only be able to choose NBU and KTG for yourself (KTG is optional, NBU I would have to check again)
UVG is mandatory accident insurance and it is a good deal. If you become disabled due to an accident, you receive a benefit equivalent to 80% of your salary as an ongoing disability pension. It also covers medical costs resulting from accidents, which means you can put the accident coverage provided by your compulsory health insurance on hold (this lowers your health insurance premium). The coverage from health insurance does not include loss-of-income insurance. It only covers medical costs, which is why it’s so cheap. I dare say you won’t find a better deal than this with private insurance (80% loss of income insurance plus medical insurance for accidents). Either way, it’s obligatory for employees.
One thing you could do is have your employer compare their insurance with accident insurance offers from other insurers. If enough of your fellow employees believe that they could pay much lower compulsory accident insurance premiums with another insurer, you may just persuade your boss to switch. You can find more on this here: https://www.moneyland.ch/en/accident-insurance-comparison
KTG is not compulsory and it only marginally benefits you as an employee. It covers your employer’s liability for paid sick leave requirements, so it primarily benefits your employer. However, depending on the insurance used, it may pay out benefits higher than the paid sick leave entitlements required of your employer. You can find more info on this insurance here: https://www.moneyland.ch/en/sick-leave-insurance
Just wanted to mention here that employers covering 100% of UVG and 100% of KTG do exist but it’s more of a rarity unfortunately… In my case my salary sheet does not have any UVG nor KTG as my employer pays 100% for both of it.
Either they’re a generous employer or you’re a prized employee - or both
The day I got a 80 CHF/Month raise by being picky
I had to talk to the Ausgleichskasse because I have never had such a case. You are right, in case of a job change under the year the amount of CHF 148’200 is being calculated pro rata.
Attached I am sending you again the new payslip.
Pillar 2 will be attacked later, directly with my company
Congrats! Now stress them a little bit more and ask for contracts of UVG and KTG. I think you are paying 100% of both, according to your numbers.
I had a similar situation upon joining a start up with an American HQ. Was appalled at the accident insurance premiums being x10 the cost of adding it to my insurance myself but on researching found it was all by the rules…
Fortunately I was able to talk HR into covering it as well as the KTG premiums!
In theory, you would have gotten the excess paid money back latest by next year. Of course only if the company 1) notices and 2) is fair…
It’ll be tough…
Nobody would have ever noticed, nothing would have happened.
My PK/BVG it’s even higher than yours and I surely don’t make as much as you do. What’s the insurance?
it should be AXA, I’ll have a all with them next week. Then need to talk with my company and see what we can do
Still seems somewhat strange though… wasn’t it supposedly outsourced to “specialists”?
I mean, ALV for instance could (literally) have been googled within a minute or two (like as I did, just to make sure).
As mentioned above not all employers go far beyond the absolute minimum with their benefits. Obviously most of employees don’t bother, but actually they should.
It’s obligatory for the employer to have. He must pay for the BU and can also pay for the NBU. But he also can let his employees pay for the NBU. (UVG Art. 91)
It’s a good thing to have. Obviously if you pay and nothing happens, then you could have saved the money. But in generally, the Pensions in case of invalidity or death (for wife and children) from UVG are quite high. Usually high enough to cover the living expenses without needing to lower the living standard.
UVG only pays Pensions to wives and ex wives (under certain conditions). If you are not married, you are a lot worse off. (Like in AHV)
UVG is a lot more generous for widows than to widowers (like in AHV).
- This is not obligatory for your employer to have.
- But it’s highly recommended! If your employer doesn’t have it and you have a long sickness, then chances are that you don’t get anything for a lot of months until you are entitled for an disability pension. (In the beginning your employer has to pay you but nor for very long. - OR 324)
Regarding “Risiko” at PK:
- PK also pays Pensions in case of invalidity and death.
- The “Risiko” is paid to cover the costs of these pensions
- The employer must pay 50% of the costs. If he likes he can pay more – but he does not have to
- There are two diffenten ways to calculate these pensions. Depending on the height of the salary or depending on the amount saved in the PK. The difference can be substantial. Respectively the costs of “Risiko” differ a lot between different PK solutions.
Interesting facts for PK’s:
- The minimum required BVG is really shitty. The differences between BVG’s of different employers are HUGE!
- Most PK’s also have Pensions for partners even if they are not married (under certain conditions)
Happy Ending Update about BVG
I complained with the payroll company and they suggested me to meet an AXA representative to discuss pension options. I didn’t know what to expect, since we missed an important stakeholder around the table: the employer.
Anyway, I met the AXA guy and explained the pension system to him (yes, I explained swiss pension system to him), so that we can skip all the upsell insurance bullshit and jump quickly into my current contract. We changed a few bits, i.e. raised the savings portion from 10% (minimum contribution for age 35-44) of the minimum insured salary of ~60k (the salary between 25k and 85k) for someone earning more then 85k per year, to 15% my full salary minus the initial 25k (200k - 25k = 175k), which means 26k CHF/Year (more than 2k per month, more than what I was accruing at Hooli).
Plus we added a 100% (200k) death bonus for surviving spouse if I happen to die. I should have put more, like 3-400%. It costs nothing, really. Something like 20 CHF/Year per 100% split between employer and employee. But an ex colleague of mine back at Hooli told me “since I told my wife how much she would get in case I’d die, I let the children taste the food first”
I told my manager that I met this AXA person and we came up with a satisfying proposal. My manager apologized 100 times, he told me he didn’t work personally on this issue but delegated it to the payroll company, which is probably only familiar with handling low salaried people.
Yesterday my boss called me once more and told me my proposal was fine. He actually told me they wanted to be even more generous than that, and offered to split the payments 60% on them and 40% on me.
I knew it wasn’t my company intention to offer me a shitty package. But if I hadn’t noticed it would have gone by.
Lesson learned: if you “don’t care” about those things, you sign papers and end up screwed. My insistence and financial awareness brought me more or less 1.6k CHF/Month extra total compensation.
I’m quite sure if I tell my boss “hey, what are these UVG, and KTG things? I never paid them before. Please, take care of it as well” I can easily get another 300 CHF/Month bonus, but I think I got already enough
Congrats on your negociations! I have been told that a company can’t design a plan for a single person only but that they have to include several people at least (2+?) Has this aspect been addressed at any point during the discussions? It may very well not apply, I’m mainly trying to improve my knowledge of 2nd pillar coverage and options.
Wow that is quite generous. Congrats on the outcome. Once again this proves that attention to detail and knowing your rights pays off.
Congrats to the happy ending! You really need to check things in details, if you don’t want to get RIPped of
How did you calculate the 1.6k per month?
If I run the numbers, it looks like this:
- 15% of 175k = 26’250 per year == 2’187.25 per month for BVG
- split of 60% employer / 40% employee: 1’312.50 employer + 875 employee
- you pay 875.- instead of 338.70 before, which lowers your net income (but everything goes into pillar 2, which is more tax-efficient)
- your employer pays 1’312.50 now instead of 300something. Which is 12k more he pays for you per year. Maybe check with him to avoid having bad blood in the future.
I would mention this point anyway. We are talking about 3’500.- per year. I’m pretty sure the payroll company also messed this up as well.
What I care about is my take-home pay, which is net salary + total pillar 2 savings.
compared to “before” I got 80 CHF for ALV and KTG, plus the BVG situation which switched from paying 338 and getting 500 in my “P2 savings” to paying ~900 and getting 2.2k. (from +160 to +1.3k, ok I messed up by few 100s). note that also costs and risk premiums are getting paid 60/40
You’re right, but I guess I should have done earlier. I wasted time negotiating with the payroll company, I should have ask directly to my boss. Now it’s a bit too late.