BVG / LPP (Second Pillar Pension)

This is a Occupational Benefits plan and is compulsory if your nanny earns more than         21 060CHF per annum or 1755CHF per month – the employer will be responsible for taking out a second pillar pension for the employee. This premium is paid in equal parts monthly by both employer and employee.  Fo more information, please take a look at this link with relevant information – Meaning and Objectives of Occupational Pensions Funds