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The Federal Department of Home Affairs has received a report from an investigation into the OASI financial forecast, revealing no calculation errors but methodologically unsound implementations of forecasting functions. The investigation highlighted timely communication and insufficient documentation as key issues, with staff shortages contributing to the problems. Corrections to the financial models were initiated in May 2024, leading to new forecasts released in September 2024, while further measures for quality control and process management are being considered.
An investigation revealed that the Swiss Social Welfare Organization AHV had overly pessimistic financial projections, with expenditures overestimated by CHF 4 billion due to inadequate documentation and flawed calculation methods. Despite the findings, no individuals were held accountable for the miscalculations, which persisted under former Federal Councillor Alain Berset's leadership. The FSIO corrected the forecasts under time pressure before key decisions on pension financing, raising concerns about the timing of the announcements.
Bratschi law firm
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
OASI Financial Forecast Errors Prompt Investigation and Future Corrections
10:06 07.12.2024
Swiss Social Welfare Authority Faces Scrutiny Over Billions in Miscalculated Projections
06:45 07.12.2024
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