Retirement:

Entitlement begins for the first time in the month following retirement. The monthly pension is paid out in addition on the 20th day. If this falls on a weekend or public holiday, the payout is usually made in advance.

Do you have children under 18 or 25 years of age who are still in education? Then you will receive an additional retired child pension of 20% of the old-age pension per child. In the event of early retirement, the child pension is limited to the statutory minimum benefit until the reference age of 65 is reached.

Additional benefits with TRANSPARENTA:

If an old-age pensioner dies within five years (60 months) of retirement, the regulatory beneficiaries receive a one-time death benefit in the amount of the monthly pensions not yet paid out up to the 5-year period — minus any monthly partner pensions that may have to be paid.

In addition, in the event of death, the spouse or the eligible partner receives a life-long partner pension. This claim is referred to as an eligible benefit. The eligible spouse/partner pension is 60% of the current retirement pension as standard. If you wish, you can increase this entitlement. This is financed by a life-long reduction in the old-age pension. You can choose from the following options:

• Increase in entitlement to 80% with retirement pension cut by 10%
• Increase in entitlement to 100% with a 15% reduction in old-age pension

You must notify the choice of a higher entitlement before the first pension payment. If a reduction in the old-age pension would result in a fall below the statutory minimum benefits, the corresponding higher entitlement may not be elected. In the case of married claimants, the entitlement can only be increased if the spouse agrees in writing.

With the phased old-age pension, you can extend a lifetime portion of your retirement pension by one or two fixed-term pension portions (levels). You can choose 10 or 20 years as the payout period. At the time of retirement, the pension components are therefore binding for up to three levels. The total old-age pension is therefore derived from the pension components for up to three levels:

1. Lifelong pension, which is extended beyond all levels and must include the statutory minimum benefit;
2. Continuing part of the second-level pension, which is paid out until the 20th pension reference year is completed;
3. Continuing pension portion of the third stage, which is paid out by the end of the 10th pension reference year.

You are free to determine the distribution of your saved retirement capital between the three pension levels. This is subject to the proviso that the lifetime pension portion of the first level must be at least the same as the statutory minimum pension (BVG minimum).

The big advantage of the phased retirement pension:

• If the recipient dies before the end of the 10th or 20th pension reference year, the unpaid pension portions of levels 2 and 3 will in any case be paid out to the regulatory beneficiaries. In the case of persons without a spouse or eligible partner, children, parents or siblings therefore also receive the pensions that have not yet been paid out as a death benefit.
• For the life-long pension portion of level 1, the beneficiary spouse/partner pension of 60% is normally insured, with the option to increase the entitlement (see lifetime retirement pension for details)

Detailed information on how the phased retirement pension works can be found in the regulations as well as graphically presented in our fact sheet. It is currently not yet possible to simulate the phased retirement pension in our web portal. We plan to make this possible over the course of 2025. Until then, don't hesitate to contact us for more information and forecasts.

For whom is the phased retirement pension attractive?

The phased old-age pension appeals to insured persons who have so far preferred a lump-sum withdrawal over a pension with the motive of

• not to lose their saved capital in the event of an early death and to secure it with the capital withdrawal to their close relatives, and/or
• who want a higher income at the start of their retirement life.

Retirement capital is usually paid out on the first banking day of the month following retirement. As a result, any further entitlement to pension fund benefits, in particular entitlement to child pensions or subsequent spouses/partners in the event of death, expires.

You must also consider the following points when withdrawing lump-sum payments:

• You must submit the capital option, or its revocation, to us no later than one month before your retirement date. 25% of the mandatory BVG retirement savings can also be claimed as a capital settlement without notice.
• Were within the last three years before effective retirement purchases paid if this sum, including interest, is not received in capital form. In addition, if you withdraw the remaining retirement capital, the tax authority can subsequently deny you the tax deductibility for purchases made in the last 3 years. In this case, back taxes and, under certain circumstances, interest on arrears are due.
• We are required by law to pay the capital payment from the Swiss Confederation. Report the tax administration. Find out more about tax consequences here.

You can determine the amount of the AHV bridging pension yourself. However, it must not be higher per month than the full maximum AHV retirement pension (as of 2025: CHF 2,520) and remains unchanged for the entire period of receipt.

The AHV bridging pension is paid out until the AHV reference age, which was applicable at the time of early retirement, is reached. If the insured person dies earlier, the AHV bridging pension is only paid to survivors entitled to a pension.

The receipt of an AHV bridging pension results in an effective life-long reduction in the old-age pension from the start of retirement, including a reduction in the benefits dependent on the old-age pension and current child pensions. In line with the provisions of the Partial Capital Withdrawal Regulations, the existing retirement assets at the time of early retirement are reduced by the uninterest-bearing sum of the monthly bridging pensions up to the AHV reference age.