by This week, Switzerland’s federal government announced future increases to state pensions, disability benefits and family support benefits, reported RTS. © Swisshippo | Dreamstime.comThe 2.9% increase is the first adjustment since 2009. It means monthly pension and disability payments will rise on 1 January 2025 by between CHF 35 and CHF 70, depending on the level of salary based contributions. Family support benefits will rise by CHF 15 a month for young children and by CHF 18 a month for older children in education. The increases might not seem significant. However, their annual funding cost will be around CHF 1.9 billion. Roughly 80% of the rise will be paid for out of the fund funded by payroll taxes. The remaining amount will be covered out of federal taxes. More on
Topics:
Investec considers the following as important: Editor's Choice, Personal finance
This could be interesting, too:
Investec writes Swiss want more political action on immigration
Investec writes Swiss Rail financial results disappoint
Investec writes Push for federal cuts faces revolt from cantons
Investec writes Travelling by car becoming increasingly cheaper than public transport in Switzerland
This week, Switzerland’s federal government announced future increases to state pensions, disability benefits and family support benefits, reported RTS.
The 2.9% increase is the first adjustment since 2009. It means monthly pension and disability payments will rise on 1 January 2025 by between CHF 35 and CHF 70, depending on the level of salary based contributions.
Family support benefits will rise by CHF 15 a month for young children and by CHF 18 a month for older children in education.
The increases might not seem significant. However, their annual funding cost will be around CHF 1.9 billion. Roughly 80% of the rise will be paid for out of the fund funded by payroll taxes. The remaining amount will be covered out of federal taxes.
More on this:
RTS article (in French) – Take a 5 minute French test now
For more stories like this on Switzerland follow us on Facebook and Twitter.