The Council of States Wants to Better Secure Provident Funds
Published: Monday, Sep 11th 2023, 17:40
Mise à jour le : Vendredi, 13 octobre 2023, 14:12
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The Swiss Council of States has passed a motion proposed by Peter Hegglin, a member of the Council of States from Zug, to better protect savings in pension funds and Säule 3a foundations. The motion was passed with 37 votes in favour and 6 abstentions. Hegglin wants to ensure that in the event of a bank bankruptcy, savings of over 100,000 Swiss francs are protected. He also wants to ensure that funds are paid out to the foundations quickly, so that the insured are not left without their savings. Alex Kuprecht (SVP/SZ) emphasised that this is not just about normal bank accounts, and that the current situation could lead to financial consequences for the state if it has to step in with supplementary payments. The Swiss Federal Council opposed the motion, arguing that it should wait for the evaluation of the “Too big to fail” regulation before making a decision. However, the motion was passed. The Council of States has now sent the motion to the National Council for further consideration.nnnnnnnnnnnnnnnnnnnnnnnnnn
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