Notes from the Federal Palace New rules on pension provision came into force on 1 January 2024. These also have important implications for the Swiss Abroad. This article takes a closer look at the changes and explains how they could affect your future plans. On 25 September 2022, Swiss voters approved the OASI 21 reform package to stabilise the old-age and survivors’ insurance (OASI) state pension system. The aims of OASI 21 are to safeguard and maintain the level of state pension, secure the financial equilibrium of OASI in the next decade, and respond to the need for greater flexibility. Change 1: Harmonising the reference age Instead of talking about the retirement age, we now refer to the reference age. This is the change that has made headlines, because the reference age for women will now be 65 – the same as for men. However, the female reference age will not be increased immediately but gradually, starting from 2025. Changes to OASI – what these mean for the Swiss Abroad Change 2: Compension for women in the “transitional generation” As a result of the change in the reference age, women in the “transitional generation” (born in years 1961 to 1969, who will reach the OASI reference age after the reform Female reference age transitional phase Year Female reference age Birth year 2024 64 (no increase) 1960 2025 64 and 3 months 1961 2026 64 and 6 months 1962 2027 64 and 9 months 1963 2029 65 From 1964 OASI 21 provides more opportunities for flexible retirement, but also involves challenges. Photo: Adobe Stock, freebird7977 24 Swiss Review / March 2024 / No.2
RkJQdWJsaXNoZXIy MjYwNzMx