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1st pillar funds will be paid as usual, in monthly annuities, to people retiring in a foreign country. There is no adjustment for differing standards of life or purchasing power – so somebody retiring to Thailand, for example, will receive the same amount in Swiss francs as he would retire in Switzerland.
The "Pensions Initiative (retirement age)" aimed to increase the retirement age this year, and raise it automatically every year. [ 3 ] The Swiss government recommended voters to reject both referendums, however polls showed voters were likely to accept the first initiative and reject the second, [ 4 ] which was also the final result.
The retirement age for men has remained 65, unchanged since 1948. That for women, on the other hand, has been modified several times; originally, it was also set at 65 years, but a couple's pension was paid from the moment the man was 65 and his wife 60. The retirement age for women was lowered to 63 in 1957, and to 62 years in 1964.
For many retirees, living abroad is a luxury they can't afford. With the average Social Security check paying just $1,840.27 per month to retired workers, most of the well-known cities in foreign...
Social security insurance was introduced in Switzerland in 1948. [2]Social security services in Switzerland includes: Unemployment insurance (German: Arbeitslosenversicherung, ALV; French: Assurance-chômage, AC; Italian: Assicurazione contro la disoccupazione, AD), normally directly deducted from salary if resident is employed
KiwiSaver – Private voluntary retirement contribution system; Poland – Social Insurance Institution; Singapore – Central Provident Fund; South Korea – National Pension Service; Sweden – Social security in Sweden; Switzerland – Pension system in Switzerland; United Kingdom: Pensions in the United Kingdom; Self-invested personal ...
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Three referendums were held on 25 September 2016; a popular initiative for a green economy (launched by the Green Party of Switzerland), a popular initiative concerning the retirement system and a referendum on the federal law on intelligence. [20] Both of the popular initiatives were rejected, whilst the federal intelligence law was approved.
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