A government commission looking at the rate, called for a reduction to 0.75%, while unions demanded a rise to 1.25%. In the end the Federal Council decided to take the middle road and leave the rate at 1% for 2019. The rate is the minimum pension funds must apply to employment related 2nd pillar pension […]
Children as young as 11 held responsible for phone debts at Swisscom
Before the advent of mobile phones few children had phone contracts. Now, many young children have them. So what happens when payments are missed? If the contract is with Swisscom, then children as young as 11 could have debt collectors pursuing them, according to a case reported by RTS. According to RTS, a 22 year-old […]
New Swiss broadcasting fee starts next year
After a referendum in March 2018 threatened to axe Switzerland’s costly broadcasting fee, the government put forward a counter proposal, which was adopted when 71.6% of voters voted to keep the fee. On 1 January 2019, the lower fee contained in the government’s plan will come into force. Next year, instead of CHF 451, each […]
Switzerland expecting a 2.5 billion franc federal surplus for 2018
The latest figures forecast Switzerland’s federal spending for 2018 will be CHF 0.9 billion less than expected. This and higher than expected receipts of CHF 1.3 billion add up to an extra CHF 2.2 billion on top of an original budget surplus of CHF 0.3 billion, bringing the total forecast federal surplus to CHF 2.5 […]
Swiss still world’s richest
According to the annual wealth report produced by Credit Suisse, Switzerland leads on wealth per adult with US$ 530,240, comfortably ahead of second-placed Australia where the figure is US$ 411,060. The US is third with US$ 403,060. During the twelve months to mid-2018, aggregate global wealth rose by US$ 14.0 trillion to US$ 317 trillion, […]
Investigating suspected welfare cheats – Swiss vote on where to draw the line
On 25 November 2018, Swiss will vote on whether to accept laws allowing detectives to uncover welfare fraud. Currently, there is nothing specific in Swiss law covering the practice. In the past, investigators have been used to gather evidence on disability and accident beneficiaries. Between 2009 and 2016, detectives were used on around 220 investigations […]
Cost of Swiss healthcare second highest in the world and rising
Swiss healthcare costs of 12.2% of GDP are the world’s second highest after the United States where healthcare consumes 17.1% of GDP, according to 2016 figures presented by the Federal Statistical Office on 18 October 2018. Switzerland spent CHF 80.5 billion on healthcare in 2016, the latest figures reveal. This comes out at around CHF […]
Swiss divorce rates continue to climb
In 2017, 15,906 couples in Switzerland got divorced after an average of 15.1 years together. The majority (56%) split before their 15th anniversary. In 2017, 40.5% of those married for more than 30 years were divorced, compared to 40.3% in 2016. Breaking up after 30 years of marriage has been rising since records began in […]
Swiss health insurance costs to rise further in 2019
More bad news for Swiss household budgets was released today for residents of all but three Swiss cantons. Health insurance premiums in 2019 will be on average 1.2% higher than in 2018 across Switzerland as a whole. However, within this figure there are significant cantonal variations. Hardest hit will be residents of Valais (+3.6%) and […]
Welfare fraudster risks expulsion from Switzerland
After listening to the culprit claim she had committed the fraud to help her family, the judge sentenced her to deportation, according to the newspaper 20 Minutes. For the judge, the woman’s latest act of fraud, claiming unemployment benefits while working, was the straw that broke the camel’s back. This was the woman’s third welfare […]
