Home Secretary launches investigation after AHV miscalculation
Published: Tuesday, Aug 6th 2024, 10:00
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Elisabeth Baume-Schneider, Minister of the Interior, has ordered the opening of an administrative investigation following the incorrect calculation of the AHV financial perspectives using faulty formulas. This is intended to clarify how this error could have occurred.
The Federal Department of Home Affairs (FDHA) announced on Tuesday that the Zurich law firm Bratschi had been commissioned with the implementation. Bratschi is one of the largest law firms for commercial law, tax law and public law in Switzerland. According to its own information, it employs over one hundred lawyers.
The results of the study should be available by the end of the year. Together with the Federal Social Insurance Office (FSIO), the FDHA intends to take measures to ensure the reliability of the financial outlook. The FDHA did not provide any further details.
With regard to the financing of the 13th AHV pension and the AHV reform, reliable, verified and high-quality data is essential, wrote the FDHA. The administrative investigation therefore also included the quality check processes and in particular the reliability of the mathematical models.
According to initial estimates, expenditure on old-age and survivors' insurance (AHV) in 2033 was overestimated by around CHF 4 billion. The AHV's financial situation is therefore better than assumed. The calculation error was discovered during checks carried out in connection with the implementation of the 13th AHV pension.
The AHV is the foundation of Swiss old-age provision. More than 2.5 million pensioners currently receive an AHV pension.
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