Tag Archives: Retirement age Switzerland

Switzerland’s retirement age of 65 for men and 64 for women puts its state pensioners in the youngest half of OECD retirees. Photo by MART PRODUCTION on Pexels.comThis week, when a Swiss parliamentarian asked in which direction pension reform was heading, he received a written response that said the state pension system could be stabilised from 2030 with a rise in the retirement age to 68 for both men and women, reported the NZZ newspaper. Many nations have...

Switzerland’s retirement age of 65 for men and 64 for women puts its state pensioners in the youngest half of OECD retirees. Photo by MART PRODUCTION on Pexels.comThis week, when a Swiss parliamentarian asked in which direction pension reform was heading, he received a written response that said the state pension system could be stabilised from 2030 with a rise in the retirement age to 68 for both men and women, reported the NZZ newspaper. Many nations have already moved in this...

40% of workers currently aged between 50 and 64 would like to continue working beyond retirement age, according to a survey conducted by Deloitte. © Kurhan | Dreamstime.comSwitzerland’s growing demographic imbalance is not only putting pressure on Switzerland’s social security system but also reducing its pool of labour. According to UBS, by 2030, the Swiss labour market will face a shortfall of between 230,000 and 500,000 workers. Labour market participation decreases significantly...

© Vadimgozhda | Dreamstime.com Switzerland’s government has long discussed the importance of raising the retirement age to ensure the financial viability of the pension system. However, it is not clear whether voters would support such a plan. According to a survey by Deloitte, an accounting and consulting company, raising the official retirement age might not find majority support among Swiss voters. Some groups are firmly against the idea. Only 47% of the 1,000...

Switzerland’s government has long discussed the importance of raising the retirement age to ensure the financial viability of the pension system. However, it is not clear whether voters would support such a plan. © Vadimgozhda | Dreamstime.comAccording to a survey by Deloitte, an accounting and consulting company, raising the official retirement age might not find majority support among Swiss voters. Some groups are firmly against the idea. Only 47% of the 1,000 voters between 50 and...

Employees Switzerland, an organisation representing Swiss workers, is resigned to the idea of raising the retirement age, according to Swiss broadcaster RTS. © Olena Yakobchuk | Dreamstime.com Speaking to the newspaper NZZ am Sonntag, Stefan Studer, director of the association, said raising the retirement age is inevitable because of the financial difficulties facing Switzerland’s state pension system, known as the first pillar. “We must rethink the retirement age”, said Studer. He thinks we...

© Rawpixelimages | Dreamstime.com Reaching the official retirement age1 is an important milestone for many people. Some look forward to it while others dread it. Some dreading it would prefer to continue working either because they enjoy their work or would like the extra income. Some feel they are being systematically and unfairly labelled too old to work. A survey by the bank UBS showed that many people now don’t feel...

Reaching the official retirement age1 is an important milestone for many people. Some look forward to it while others dread it. © Rawpixelimages | Dreamstime.com Some dreading it would prefer to continue working either because they enjoy their work or would like the extra income. Some feel they are being systematically and unfairly labelled too old to work. A survey by the bank UBS showed that many people now don’t feel old until they’re in their 80s. A one-size-fits-all official retirement...

Last week, State Councillor Peter Hegglin (PDC/CVP) withdrew his motion demanding Switzerland’s retirement age automatically rise with life expectancy. Retirement-Switzerland_©-Famveldman Dreamstime.com_ - Click to enlarge He argues that Switzerland urgently needs to find a way to ensure the financial health of its pension system and raising the retirement age is the main way to do this. Across most of the OECD...

Last week, State Councillor Peter Hegglin (PDC/CVP) withdrew his motion demanding Switzerland’s retirement age automatically rise with life expectancy. © Famveldman | Dreamstime.com He argues that Switzerland urgently needs to find a way to ensure the financial health of its pension system and raising the retirement age is the main way to do this. Across most of the OECD retirement ages have already been raised to 67. In Switzerland it is 65 for men and 64 for women, despite their longer life...