Federal Council aims to improve occupational pension provision for people with multiple employments

An increasing number of people in Switzerland work in several part-time jobs. Whether for family reasons, to achieve a better work-life balance, or out of economic necessity – the reality of the labour market has become more diverse. Yet when it comes to occupational pension provision, it becomes clear: those who have multiple jobs are often less well insured than people with only one employer, even if the total income is the same.

A look at the current figures

According to the latest report by the Federal Council dated 22 October 2025, this issue affects a significant part of the working population: around 8% or 384,000 employed persons in Switzerland have several employers. Many of them earn, in each individual employment, an income below the BVG entry threshold – currently around CHF 22,680 per year (as of 2025).

If the salary remains below this threshold, no compulsory insurance cover arises in the second pillar. This means that although the total income may exceed the entry threshold, part or even all of the income is not insured under the BVG.

Who is particularly affected

The report clearly shows that certain groups are disproportionately affected: part-time employees, women, and workers in low-wage sectors.

It is precisely these groups that therefore bear a higher risk of not being sufficiently covered by occupational pension provision in old age.

Possible adjustments

The Federal Council has examined various models to improve the pension provision of people with multiple employments. It concludes that lowering the entry threshold and the coordination deduction represents the most effective approach.

• A lower entry threshold would result in more employees being compulsorily insured – even at lower income levels.
• A lower coordination deduction would increase the insured salary and thereby also the future pension.
• Overall, pension provision would become fairer and better adapted to today’s working realities, in which multiple and part-time employments are increasingly common.

According to the report, these measures would expand access to the second pillar and significantly improve the pension provision of people with multiple incomes.

Challenges and considerations

However, the report also points to possible consequences: a lower entry threshold or coordination deduction would entail additional costs and administrative effort for employers and pension institutions. In addition, without further reforms – for example, in the determination of the conversion rate – a worsening of the existing underfunding in the compulsory sector could be conceivable.

Therefore, the Federal Council emphasises that adjustments must be carefully designed and remain financially viable. The aim is a balanced solution that both improves social security and preserves the stability of the pension system.

Flexibility as the key to the future of pension provision

The world of work is changing – and with it, the requirements for occupational pension provision. At Tellco, we offer flexible pension solutions that adapt to today’s employment situations. Our solutions take hourly wages and part-time workloads into account and make it possible to reduce or completely eliminate the coordination deduction. Our goal: that as many people as possible – regardless of employment level or number of employers – are financially secure in old age.

The discussion surrounding pension provision for people with multiple employments highlights how important it is to adapt the second pillar to the realities of today’s world of work. The Federal Council’s report provides valuable insights and food for thought – while also underlining that flexible, future-oriented pension solutions are becoming increasingly important.