Glossary
Quick definitions used across calculators and guides.
AVS / AHV
First pillar (state pension) in Switzerland.
2nd pillar (BVG/LPP)
Occupational pension. Builds retirement capital which can be paid as an annuity or lump sum depending on rules.
Conversion rate
Rate used to convert capital into annual annuity (e.g. 5% of capital per year).