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Retirement age to rise for women in Switzerland

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The Swiss government has been looking at measures to shore up the finances of Switzerland’s pension system for some time.

The difference between the official retirement age for women (64) and men (65) is an obvious target.

Recently, the Federal Council, Switzerland’s executive, said it would include increasing the retirement age of women from 64 to 65 in a package of reforms aimed at reducing the financial strain on the nation’s pension finances, something made urgent by the large number of baby boomers entering retirement.

Increasing the official retirement age of women is expected to save CHF 10 billion, according to RTS.

At the same time the Federal Council said it would aim to spend CHF 700 million over 9 years to help with the transition. Some of this would be spent encouraging women who would continue to qualify for retirement at 64 to work until 65.

The Federal Council will present a more detailed plan before the end of August.

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About Le News
Le News
The newspaper Le News is a free, quality, local English language newspaper launched on 31 October 2013. Le News fills a gap in local Swiss media for the numerous English-speakers living and visiting Switzerland. In late January 2015 we decided to put our print medium on hold and focus on our digital media presence.
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