The OASI |
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In accordance with Swiss law, OASI and DI premiums are deducted from your salary. The OASI is mandatory insurance benefiting all those who live or work in Switzerland. It operates according to the principle of solidarity between generations. As the primary pillar of the Swiss welfare system, the OASI aims to provide for financial security after retirement or following the death of a parent or spouse.
The following people are required to contribute:
• Any person over the age of 18 who is engaged in paid activity in Switzerland (including foreign workers and those living across the border).
• Any retired person receiving an OASI pension who wishes to pursue paid activity in Switzerland, unless the monthly revenue is below CHF 1,400.
• Any person domiciled in Switzerland but not engaged in paid activity (students, people with disabilities, people of independent means, homemaker spouses, etc.)
The contribution rate is calculated based on your salary and your age. For people who are not engaged in paid activity, the OASI contribution is based on a fixed amount. This prevents them from receiving a reduced pension at retirement age, which happens when no contributions are made for a period of years.