|  NEWS

Switzerland has come up with a set of amendments, proposed to unions and employers for assessment, designed with the aim of bridging the gap between male and female pensions. 

Swiss pensions are based on the industry the person has worked in, therefore they are not uniform and may vary from one former worker to another. 

For several women, especially those who worked in the hospitality industry, their pension will much lower than that of men, particularly those who were employed in high paying jobs. 

The other primary reason for the vast pension gap is the fact that women sometimes take time off in order to care for children, diminishing their earnings and as a result, their pension income. 

As per 2017 figures, the average BV pensions were CHF2301 for men, and CHF1221 for women. This data is the most recent available. 

The women calculated were among the best out of all female pensioners. Some female retirees do not receive any pension payment at all.  

Women not eligible to pensions are forced to live on supplementary benefits, or rely on a partner who received a higher-earning pension scheme. 

The new changes would see pensions increasing by between CHF100 and 200 per month, while also lowering the compulsory deduction paid by workers who are currently employed. This would therefore allow employees to take home a larger portion of their salary. 

An increase in additional benefits is also expected. 

The retirement age in Switzerland is 64 and 65 for women and men, respectively, although following a public referendum, both sexes are expected to have their retirement age set to 65 sometime in 2020. 
 

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  • Switzerland,
  • pensions,
  • retirees,
  • pensioners

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