The Swiss pension system comprises three different types of coverage, referred to as pillars. The first pillar, which is compulsory, is standard social security, known in French as AVS. The second pillar consists of benefits provided under your company pension plan. Finally, one may choose to supplement your pension coverage with the third pillar: private pension assets. Each of these forms has different rules and tax benefits.
The Swiss pension system is designed to allow maintaining the standard of living during retirement or invalidity.