Swiss perspectives in 10 languages

Parliament opens state pension scheme to EU citizens

The Swiss parliament has approved a proposal to make Switzerland's state pension scheme available to European Union citizens.

The House of Representatives followed the Senate in approving the bill, which will also double the minimum contribution to SFr648 a year in a bid to get the scheme out of the red.

Under the new law, EU citizens will be able to enjoy the same pension benefits as Swiss expatriates.

To qualify, EU citizens must have been resident in Switzerland for at least five years, and the pension scheme of the country in which they living must be inferior to the Swiss one.

A fully paid up member of the Swiss state pension scheme receives roughly one quarter of his or her final salary on retirement.

The individual is expected to make up the balance through a private or employer’s pension scheme and private savings.

swissinfo with agencies

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR