AHV stands for “old-age and survivors’ insurance”. It is the cornerstone of pension provision in Switzerland and is therefore also known as the 1st pillar.
The AHV is intended to cover your basic needs in old age or in the event of your death. As a national insurance scheme, OASI is compulsory for all residents, regardless of whether you are employed or not. You pay contributions until normal retirement age, from your 18th birthday (if you are working) or from your 20th birthday (if you are not working). But how much money do you get from the AHV and the second pillar, i.e. occupational pension provision? You can find out more in this article.
Many questions are answered by the Federal Social Insurance Office
Last update: 17.09.2024 08:35