This notebook serves as a calculator and visual guide for a crucial financial decision that married couples in Switzerland face upon retirement: choosing the level of the survivor's pension (widow's/widower's pension) from the occupational pension fund (2nd pillar, PKG).
In Switzerland, the level of the widow's or widower's pension from the pension fund (PKG) is regulated by law. The minimum legal requirement (BVG/LPP compulsory benefits) states that the surviving spouse receives a pension equivalent to 60% of the deceased partner's retirement pension.
However, many pension funds offer flexible models (in the non-compulsory/extra-mandatory part). Insured individuals can voluntarily choose to reduce their own retirement pension. In return, the future survivor's pension for their spouse is increased, for example, to 80% or 100% of the (now reduced) retirement pension.