Switzerland’s pension system has long been admired as one of the strongest in the world, providing its citizens with a reliable and generous retirement income. However, the rapidly aging population and low fertility rates have created significant challenges for the Swiss pension system, making it necessary for reforms to be implemented. With the retirement age set at 65 for men and 64 for women, the life expectancy in Switzerland has increased from 80 years in 1990 to 83.8 years in 2019. This means that retirees are now living longer and drawing on their pensions for a longer period of time, putting a strain on the system.
One of the proposed solutions to address these challenges is increasing the retirement age. In 2017, the Swiss government announced plans to gradually raise the retirement age for women from 64 to 65, bringing it in line with men. This change is expected to be fully implemented by 2022. Another proposed solution is implementing a more sustainable funding model, such as increasing contributions or introducing a flexible retirement system. This would help ensure a steady and stable income for retirees, while also addressing the financial strain on the pension system.
The current pension reform in Switzerland also includes measures to ensure gender equality in pensions, as women often face lower pension benefits due to taking time off work for childcare or working part-time. The reform