Switzerland’s retirement age of 65 for men and 64 for women puts its state pensioners in the youngest half of OECD retirees. This 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 […]
40% of over 50s in Switzerland want to work beyond retirement, suggests survey
40% of workers currently aged between 50 and 64 would like to continue working beyond retirement age, according to a survey conducted by Deloitte. Switzerland’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 […]
Raising Switzerland’s retirement age – big differences of opinion
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 open to the idea of raising retirement age, according to union
Employees Switzerland, a union organisation representing Swiss workers, is resigned to the idea of raising the retirement age, according to Swiss broadcaster RTS. 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 […]
Question of the week: do we need a retirement age?
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 […]
Raising Switzerland’s retirement age – like death and taxes
Last week, State Councillor Peter Hegglin (PDC/CVP) withdrew his motion demanding Switzerland’s retirement age automatically rise with life expectancy. 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 […]
Swiss parliament allows retirement age to go to 67
Switzerland’s parliament voted today on whether the official retirement age should be allowed to rise to 67. With 106 votes for, and 90 against, the National Council approved a plan to deal with the financial challenges of providing pensions in an era with more old people who are living longer. The plan includes automatic hikes in […]
