The AHV, or “Alters- und Hinterlassenenversicherung” in Swiss German, is the foundation of the Swiss pension system. This social insurance program, also known as the Old Age and Survivors’ Insurance, was established in 1948 and serves as the backbone of the Swiss retirement system. It provides a basic income for retired individuals and families of deceased insured persons, as well as disability benefits for those who are unable to work. With the aging population and increasing life expectancy in Switzerland, understanding the role and benefits of AHV is crucial for all individuals planning for their retirement.
To be eligible for AHV, one must be a resident of Switzerland and have paid into the system for a minimum of one year. This contribution is typically taken out of an individual’s salary or self-employment income. Those who have not met the required contribution period can still apply for AHV, but their benefits may be reduced. The application process for AHV is relatively simple, and can be done online or through a local pension office. It is important to note that AHV is only one part of the Swiss pension system, and individuals are encouraged to supplement their retirement income with additional private pensions or savings.
The benefits of AHV play a crucial role in providing financial security for retirees in Switzerland. It ensures a basic income