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 2016 a balance of CHF 16 billion, led to a substantial rise in capital to CHF 817 billion.
Last modification 08.03.2019
