Social Security Performance
The Swiss Pension Insurance offers the following:
a. |
a pension
at age 63 the earliest and at age 70 the latest for men; at
age 62 the earliest and at age 69 the latest for women born
in 1942 or later, |
b. |
disability
benefits in case you become disabled and are unable to work
prior to turning 65, |
c. |
survivor benefits
in case of the death of a spouse, |
d. |
benefits if
you are raised as an orphan up to age 25. |
The mandatory retirement age for men is 65, for women it is 64.
Men and women can apply for their respective pensions 1 or 2 years
earlier or delay the receipt of their benefits by 1 but no more than
5 years. In case an insured worker becomes so ill that it is apparent that
he or she will not be able to work for quite a long time or is even
permanently disabled, that worker can apply for an disability benefits.
The amount of the benefits will depend on the degree by which the
income has been reduced.
In case of the
death of a husband the surviving spouse can, depending on her age
and the length of the marriage, receive survivor benefits,
which will be charged against the survivor's income.
In case of the
death of the wife the surviving husband can apply for survivor
benefits as long as he has children below the age of
18.
Divorced spouses
can under certain circumstances receive survivor benefits. In case one or both parents of a child die before the child turns
18, the surviving child can receive semi- or full orphan benefits.
If the surviving child is still in job-training benefits will be
paid until the child turns 25.
Conditions for receiving a pension
In order to receive a pension you have to be insured for at least
one year. That means you have to accumulate at least 12 month of
contributions.
Your claim to a pension begins on the first day of the month following
the insured reaching the mandatory retirement age. The claim expires
at the end of the month following the insureds death.
For all males the mandatory retirement age begins at age 65.
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For women
the rules are as follows:
-born in 1938 or before, the mandatory retirement age begins at age 62
-born between 1939 (incl.)and 1941 (incl.), the retirement age begins at age
63
-born in 1942 or later, the retirement age begins at age 64. |
Insured persons can under the provisions of the 'Flexible Mandatory
Retirement Age' move the receipt of their pensions forward by one
or two years (Vorbezug) or delay the receipt of their pensions by
a maximum of 5 years (Aufschub). With married couples it possible
that one spouse delays the receipt of the pension and the other moves
it forward.
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