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OPA minimum interest rate to remain at 1%

OPA minimum interest rate to remain at 1%

07.11.2018 |

It has been announced that during the meeting of the Federal Council on 7 November 2018, the decision was made to keep the OPA minimum interest rate at 1%.


In making this decision, the Federal Council has chosen not to follow the recommendation of the Federal Commission for Occupational Benefits Provision, which had called for the minimum interest rate to be reduced to 0.75%.

In a press release issued on Wednesday, 7 November 2018, the Federal Social Insurance Office declared that a reduction could not be justified, citing “the positive development seen this year coupled with the low minimum interest rate”.
 

The OPA minimum interest rate is set by the Federal Council every autumn and determines the minimum percentage at which beneficiaries’ pension assets must accrue interest, as set out by the mandatory OPA.


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