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Old 17.10.2020, 14:42
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55 the new 65, but what happens to your pension

So lost my job that was killing me anyway in September 2019, will lose my benefits in March 2021 I think.

Will be 55 by that point with rather slim prospects for employment it looks like.

Now I can survive on my investments making a monthly loss between 1-2K a month. Meaning I burn minimum 12K a year of my savings, more likely 18K a year.

Three years from now and with 60K less cash in the bank I can retire at 58? yes? How would take have worked? I will stop paying into a pension in March 2021 when chomage finishes.

How will it work? Anybody retired @ 58?
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Old 17.10.2020, 14:51
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Re: 55 the new 65, but what happens to your pension

Intend to retire at 60, will use my Pillar 3 amounts to cover some years and intend to use my Pillar 2 to invest (no drawing of a pension in the future). At 64/65 Pillar 1 and the other minimal amounts I get from some countries plus a pension from one employer.

Case of doing your maths and check what you need per month
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Old 17.10.2020, 14:53
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Re: 55 the new 65, but what happens to your pension

Have you seen this?

https://www.laliberte.ch/news-agence...dinaire/556810

At 60 if you are on chômage you can get full pension benefits even if you don't work until your retirement.

This is new law voted few months ago

Ideally you work for 12 months at 59 and you can slide into retirement with the new law, albeit income level must be capped
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Old 17.10.2020, 15:18
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Re: 55 the new 65, but what happens to your pension

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Now I can survive on my investments making a monthly loss between 1-2K a month. Meaning I burn minimum 12K a year of my savings, more likely 18K a year.

Be aware that you must still pay AHV and if you don't have an income it is calculated on assets.
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Old 17.10.2020, 16:19
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Re: 55 the new 65, but what happens to your pension

OK, But what is AHV? And to whom do I pay it? Already exited last year for a few months to try and remain my sanity a little, signed back in January this year.

And what happens if I have gaps in payment? which I think I have since I have slipped in and out of the system before, all be it briefly.
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Old 17.10.2020, 16:53
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Re: 55 the new 65, but what happens to your pension

AHV is pillar 1
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Old 17.10.2020, 17:11
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Re: 55 the new 65, but what happens to your pension

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OK, But what is AHV? And to whom do I pay it? Already exited last year for a few months to try and remain my sanity a little, signed back in January this year.

And what happens if I have gaps in payment? which I think I have since I have slipped in and out of the system before, all be it briefly.
Do you know what, I think that if you’re as far as identifying that you have gaps in your AHV payment, then you have already have access to all the necessary links.

Would be interested to know how this pans out for you - let us know! Maybe it could be useful to others on the site.
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