Thursday , March 28 2024
Home / Tag Archives: Retirement Switzerland

Tag Archives: Retirement Switzerland

Vote on pension reform most divisive in Swiss history

Switzerland’s recent vote on state pension reform on 25 September 2022, divided men and women, reported RTS. Photo by Vlada Karpovich on Pexels.comThe vote was split into two parts. The first asked whether the state pension age for women should rise from 64 to 65 to bring it into line with the pension age for men. The second part asked whether VAT should rise from 7.7% to 8.1% to fund a looming pension funding shortfall. According to an analysis by the survey firm gfs.bern, 64% of men...

Read More »

Chart of the week: 11% of Swiss over 64 work

More and more people 65 and older are continuing to work across the OECD. The reasons for working beyond this particular point in life vary from person to person. Photo by Andrea Piacquadio on Pexels.comLabour force participation among this age group across the OECD ranges from 2.4% (Romania) to 41.7% (Indonesia). In Switzerland, the rate was 11.1% in 2020, higher than it was in 2005 (7.5%), but lower than it was in 1991 (14.9%). The OECD average is 15.5%. Men in Switzerland over...

Read More »

UBS warns of a looming shortage of workers in Switzerland

The Swiss bank UBS estimates there could be a shortfall of 500,000 workers in Switzerland in the coming 10 years as the baby boomer generation retires. © Sebnem Ragiboglu | Dreamstime.comHowever, the bank predicts the shortfall will not be even across all industries. Some sectors are expected to stagnate. Workers in these industries might find it harder to find work. Demand for workers is expected to be high in the health and care sectors but low in manufacturing. In general, growth is...

Read More »

Question of the week: do we still need a standard retirement age?

© 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...

Read More »

Question of the week: do we need a standard retirement age?

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...

Read More »