What is the second pillar?

The second pillar refers to the supplementary pension that employees build up through their employer. This pension is partly financed by the employer and is intended to provide extra income during retirement, in addition to the statutory pension (the first pillar).

It can take various forms, such as a group insurance, an individual pension commitment (IPT) for self-employed individuals, or a free supplementary pension for self-employed individuals (VAPZ).