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Swiss BVG vs U.S. 401k

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Forum Retirement Forum Pillar 2 Swiss BVG vs U.S. 401k

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BenutzernameMoneyland User Questions
Status Member
Registriert seit1/27/17
Beiträge2142

April 13, 2017, 12:06:47 PM

Is Swiss BVG similar to a U.S. 401k?

BenutzernameMoneyguru von moneyland.ch
OrtSchweiz
Status Expert
Registriert seit8/4/15
Beiträge4079

April 13, 2017, 6:20:02 PM

Hi there,

A Swiss 2a occupational pension fund (BVG) is similar to a co-sponsored employer/employee 401k pension fund.

The main difference is that everyone employed in Switzerland is required to join an occupational pension fund and all employers are required to be pension fund members and co-sponsor their employees' pension savings. A 401k is not obligatory for U.S. employees, and U.S. employers are not required to co-sponsor their employees' 401k retirement savings accounts - although they may.

Best regards from Moneyguru

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