Since the PP is still in its infancy (the obligatory scheme was only introduced in 1985), income exceeds expenditure by a considerable margin. Variations in capital are linked to variations in the value of capital and to the balance. The stock market slumps of 2001/2002 and of 2008 led to a loss in capital value and reduced the capital held by the PP. However, in 2014 the third highest stock market returns on record (CHF 43 billion), coupled with a balance of CHF 18 billion, led to a substantial rise in capital to CHF 770 billion.
Last modification 26.06.2017