In Switzerland, retirement pensions are based on a 3 Pillar concept with each Pillar providing a different level of benefit.
This is the state pension and is mandatory and covers the basic old age pension, disability benefit and unemployment benefits. It is very basic.
Occupational pension plans which are mandatory for all employees and for the self-employed if they wish to join. The pension is designed to maintain an average living standard.
Private pension provision for long term savings which is split into 2 options 3a & 3b:
3a-contributions are tax deductible up to a maximum of 6,768 francs but an individual cannot access the pension.
3b- unrestricted contributions are allowed and capital is available anytime.