Retirement

It is recommended that you register 3-4 months before reaching retirement age. This also applies to an early withdrawal. 

You can register online: Application form for old-age pension

The calculation of the ordinary old-age pension is based on: 

• the contribution years
• Your earned income
• the care and education credits

An uninterrupted contribution period leads to a full AHV pension. This full pension means a monthly amount of at least CHF 1225 and a maximum of CHF  2450. The amount depends on your average income.

The contribution period is considered to be complete if contribution periods can be credited continuously from 1 January after the 20th birthday until the time of pension entitlement.

You can draw the old-age pension flexibly, for example: 

• you can draw the old-age pension 1-2 years earlier. You will then receive a reduced old-age pension for the duration of your entire pension. 
• can also defer the old-age pension for 1-5 years. You will then receive an increased old-age pension for the duration of your entire pension.

Further information can be found here: Leaflet on flexible pensions

Unlike salary payments, the old-age pension is always paid in advance. 

SVA St.Gallen always transfers the monthly benefits on the 4th working day of the month. The amount should be credited to your post office or bank account the following day.

If you have children, you will receive parenting credits. If you are entitled to a pension, you are entitled to children's pensions for your sons and daughters:

• until they have reached the age of 18
• until they have completed their first chance of education
• but no later than the age of 25

During the early withdrawal of the old-age pension, there is no entitlement to children's pensions.

The entitlement to children's pensions also applies to foster children. 

You will not receive child pensions for foster children whom you have taken into care until after retirement. An exception is the children of the spouse.