All answers to the voting sensation: When will the 13th AHV pension be paid out for the first time?

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Union boss Pierre-Yves Maillard (55) cries with joy, the seniors cheer. SP Minister of the Interior Elisabeth Baume-Schneider (60) may only internally.

Switzerland has said yes to a 13th AHV pension. The trade union initiative found a majority among the people and the classes. But when will more money come? The most important questions and answers.

With a full pension, individuals currently receive an annual benefit of a minimum of 1,225 francs and a maximum of 2,450 francs. Married couples will also receive a maximum of 3,675 francs.

The minimum annual old-age pension is increased to 15,925 francs and the maximum to 31,850 francs. Married couples would benefit from up to 47,775 francs.

Relatively fast for a popular initiative. The initiative requires that the 13th AHV pension must be paid out from 2026. Even if the law to introduce the 13th pension is postponed or fails in a referendum vote, the Federal Council would have to pay out the money – or so the initiators say.

That is still unclear. Minister of the Interior Baume-Schneider must now draw up a law about this. However, examples from other countries provide a first indication: there is already a 13th pension in the Principality of Liechtenstein. In the state, the bonus is officially called “Christmas Bonus” and is paid out in early December. In Austria there are even 14 old-age pensions: there you get double money in April and September.

In Switzerland, paying out in one go, for example in December, would be associated with some problems, as the “Tages-Anzeiger” writes. It is more likely that the initiative will be spread over the twelve months.

Pensioners who have insufficient money and live below the subsistence minimum receive a supplementary benefit. These may not be reduced because of the initiative.

This year, the federal government expects AHV expenditure of more than 50 billion francs. With a 13th AHV pension, another 4.2 billion francs will be needed from 2026. Because the baby boom generation is now retiring, approximately 5 billion additional francs will be needed from 2030.

There is sufficient money in the AHV fund for the coming years. This is due to the higher retirement age for women and the higher VAT. Moreover, the federal government also pays more when expenses increase: it covers about a fifth of the costs. But in the medium term, additional financing is needed.

The ideas are many: Wage rates could increase. These could also be moved from the pension funds to the AHV. A higher VAT, a new financial transaction tax or an inheritance tax in favor of the AHV would also be possible. Or money from the national banks as soon as they make extraordinary profits again.

Interior Minister Baume-Schneider must now submit an implementation template. Parliament must decide on this and a referendum is also possible. If there is a VAT increase, the people and the states will have to agree again. However, it seems unlikely that the 13th AHV pension will fail completely.

Source:Blick