UZH is subject to the Swiss social security system. Where pensions are concerned, this is based on a three-pillar system consisting of the state pension (pillar 1), occupational pension provision (pillar 2), and personal pension schemes (pillar 3).
AHV/IV/EO (pillar 1) is the mandatory state pension. It is intended to ensure a subsistence-level income in old age.
Occupational pension provision (pillar 2), also referred to as pension fund, is also mandatory. It is intended to maintain a person’s current standard of living after they retire (when added to their pillar 1 pension).
Personal pension schemes (pillar 3) are optional. Here, personal savings are used to close any gaps in pension provision that are not covered by pillars 1 and 2.