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  #21  
Old 28.03.2020, 15:12
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Re: Retirement dilemma

dorofiz- my post was about the OP and not about people with very challenging situations and low pensions, sorry. Although yes, someone on a low pension, who will therefore not be likely to pay taxes, or not much - would be much much better off in a region like mine- where rents are so much lower for actually good quality and space. There are of course 100s and more factors to take into account and each situation is different. And yes, it is possible to find assistance and cleaning, etc, staff, at much lower salaries than possibly in GVA or ZH.


My point is that retiring in CH may seem daunting where some people live currently- but may well be possible and very affordable if they are prepared to relocate. That's all.
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  #22  
Old 28.03.2020, 15:16
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Re: Retirement dilemma

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dorofiz- my post was about the OP and not about people with very challenging situations and low pensions, sorry. Although yes, someone on a low pension, who will therefore not be likely to pay taxes, or not much - would be much much better off in a region like mine- where rents are so much lower for actually good quality and space. There are of course 100s and more factors to take into account and each situation is different. And yes, it is possible to find assistance and cleaning, etc, staff, at much lower salaries than possibly in GVA or ZH.


My point is that retiring in CH may seem daunting where some people live currently- but may well be possible and very affordable if they are prepared to relocate. That's all.
It's down to the percentage of income that is required to pay rent / sousing costs, it needs to be below 35% so if pension income is only 2.5k that could be tight in many places.
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  #23  
Old 28.03.2020, 15:23
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Re: Retirement dilemma

Indeedy- just depends. Verbier would not necessarily do.
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Old 28.03.2020, 17:03
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Re: Retirement dilemma

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Employers give severance packages for many reasons. Especially at times like this, it's quite cost-effective as most severance packages pay for themselves in a few months.

Combined with a mutual agreement it removes most legal risks, especially for older, more senior staff.

It can help remove resistance to departures, some staff even volunteer. And, it can help to smooth transition of responsibilities.

It's a way of treating people with respect, for organisations that care about their reputation.

I don't speak for the OP's employer.
I don't disagree but in my experience they will only give packages if they like somebody or they want to silence him. Now with this turmoil even a decent company will not give packages because A) they need to preserve cash otherwise they may go bankrupt and B) there are many people willing to resign because they don't really need the job or the money and want to protect themselves from the pandemic.
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Old 28.03.2020, 17:39
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Re: Retirement dilemma

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Indeedy- just depends. Verbier would not necessarily do.
I know a Swiss girl that rents a flat above the Migros in Verbier & pays 400 a month, unchanged in many years!
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Old 28.03.2020, 21:29
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I know a Swiss girl that rents a flat above the Migros in Verbier & pays 400 a month, unchanged in many years!
There is noice from the fridges at night. It is not easy. I used to live at a flat above a Costcutter in London. It was difficult and that was a new building.
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