In this work, I explore the current state of the mandatory pillar 2 insurance in the context of low interest rates and rising life expectancy. The Swiss law states that there should be no wealth transfer in the obligatory part of the pillar 2. On the one hand, I emphasize the current wealth transfer resulting from the mismatch between the expected contributions and the expected benefits. On the other hand, I study some of the impacts of the Government's retirement program 2020 on the compulsory part of the 2nd column as well as the effect of parameters' changes on the different stakeholder groups. The model used in this analysis is adapted from the contingent claim model for participating life insurance proposed by Schmeiser and Wagner. (Schmeiser & Wagner, 2014).