'3rd Pillar' is an optional pension fund (1st pillar and 2nd pillar are mandatory ones). It gets real interesting because what you put in it is 100% tax deductable. It's the Swiss government's way to encourage people to save more.

Here's an example of how it works. Let's say you decide to put CHF 6'000 in this 3rd Pillar Fund, and that you pay 20% income tax on your earnings. The Swiss government will send you a cheque for 20% of 6000 = CHF 1200 each year you do this plan. And ofcourse the CHF 6,000 is yours when you retire (with interest). It's really a terrific and highly recommended product.  

Read more about 3rd Pillar in Switzerland  

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Contact the glocals agent at Allianz:

Ms. Fanny Delatour (speaks English + French)
Direct: (+41) 22 906 5427
fanny.delatour@allianz-suisse.ch