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Button of the Swiss initiative for a 13th monthly pension payment. The Swiss pension system rests on three pillars: the state-run pension scheme for the aged, orphans, and surviving spouses (old-age and survivor's insurance); the pension funds run by investment foundations, which are tied to employers (occupational benefit plans);
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.
Switzerland's minimum old age and survivors (AHV) pension is 1,225 Swiss francs ($1,393) a month, and the maximum 2,450 francs. For couples it is capped at 3,675 francs.
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. [5]
The basic principles of social insurance are found in Articles 111 to 114 and Articles 116 and 117 of the Swiss Federal Constitution.. Article 111 defines the so-called "three-pillar principle", which regulates the structure of retirement, survivors', and disability benefits.
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The Swiss Federal Pension Fund (PUBLICA) [a] is the pension fund of the employees of the Swiss federal administration (second Pillar of the three-pillar Swiss pension system). As of 2021, the fund served a total of around 66,800 insured persons and 42,000 pensioners from the Federal Administration, the ETH Domain, various decentralized federal ...
The Central Compensation Office (CCO) [a] is the federal office responsible for implementing body for first-pillar social security, which covers old-age and survivors' insurance (OASI), disability insurance (DI) and compensation for loss of earnings (APG).