Hi, JK. My name is ***** ***** I will be happy to help you.
If you are US
citizen or Green card holder you have an obligation to report:
bank accounts (fincen 114, also known as FBAR)
2. FATCA (IRS form 8938
Your assumption is correct. Pillar 2 will have to be reported only if the value is over $200K (FATCA)
Pillar 3 is non qualified (for IRS purposes) voluntary pension plan and is required to be reported on FBAR (fincen 114).
You can read more about the requirements here: http://www.acareturnpreparerdirectory.com/article/fbar-vs-fatca-a-comparison-of-filing
and here: http://www.taxesforexpats.com/articles/financial-planning
you will have to scroll down a little to the Swiss pension plans.
I see you offline now. So if this answered your question, please take a moment to rate
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for assisting you today. However, if you need clarification, or want to discuss this issue further, let me know. Thank you.