Swiss pension fund expects deficit despite more contributions

AHV must expect a deficit despite better prospects Keystone-SDA

The Swiss state pension fund will reckon with a deficit in the coming years, despite expecting more contributions.

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This is partly due to the 13th monthly pension payment, which was apöproved by voters in 2024. The Federal Council was informed of the updated financial outlook on Wednesday.

+ Swiss vote: ‘yes’ to higher pensions, ‘no’ to retiring later

The 13th state pension payment will be paid out for the first time in 2026 and will increase the contribution deficit, which does not include investment results. Rapid additional financing remains key, the Federal Council wrote.

The prospects have improved because, compared to the 2020 scenario, it is assumed that there will be more people in employment and therefore more payments into the fund. At the same time, the number of over-65s is expected to grow more slowly. Life expectancy is also likely to increase more slowly.

This means that state pension expenditure is likely to grow more weakly. However, the fund could have less income in the short term because the economy is likely to weaken.

Translated from German by DeepL/mga

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