Swiss pension reform: the latest changes

New provisions have applied to old-age pensions since January 1, 2024. The new regulations offer opportunities for a more flexible lifestyle, but they also pose challenges. These are the most important changes since January 1, 2024: - Expansion of the flexibility of pension payments - Incentives for gainful employment after 65 - Raising the retirement age (now called the reference age) for women to 65 (from January 1, 2025) On September 25, 2022, the Swiss electorate approved the reform package to stabilise the pension scheme. This aims to secure and maintain the level of old-age pensions, ensure the financial balance of the system over the next decade and meet the need for flexibility. Amendment 1: Harmonisation of the reference age The reference age is no longer referred to as the retirement age. This measure is particularly well known as the reference age for women is now also 65. However, this increase will not be abrupt, but gradual and will apply from 2025. Amendment 2 ...