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What does Pillar 2 mean?

Pillar 2 is the mandatory private pension, which was introduced in 2008, mandatory for all employed persons 💼 who were up to 35 years old at that time and optional for persons who were between 35 and 45 years old at that time. 👩 The contribution to Pillar 2 is a percentage of the individual contribution to social security (CAS). This percentage was initially 2% and currently, this contribution is 4.75%.
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