The AHV Reform 21 of September 25, 2022, adopted by the people and the cantons, came into force on January 1, 2024. Stabilizing the AHV includes four measures: Unification of the retirement age for women and men at 65 years The adjustment will introduce a uniform retirement age for both men and women. The increase in the retirement age for women will take place in four steps: Year Reference age Affects Year of birth Start of pension entitlement 2024 64 years (no increase) 1960 February 2024-January 2025 2025 64 years + 3 months 1961 May 2025-April 2026 2026 64 years + 6 months 1962 August 2026-July 2027 2027 64 years + 9 months 1963 November 2027-October 2028 2028 65 years 1964 and all subsequent years From February 2029 Compensatory measures for women of the transition generation Women born between 1961 and 1969 belong to the transition generation. You benefit from two compensatory measures. Women who receive their old-age pension before the reference age are reduced less and for life. You can continue to withdraw your old-age pension early from the age of 62. Furthermore, women who do not withdraw their pension early receive a pension supplement of between CHF 12.50 and 160 per month for the full duration of the contribution. More flexible pension benefits Pensions can now be drawn starting any month between the ages of 63 and 70 (women of the transition generation can do so starting at age 62). Early withdrawal is now also possible on a monthly basis, whereas previously it was necessary to withdraw one or two full years in advance. Furthermore, it is now also possible to withdraw only a portion of the pension (between 20% and 80%). It is important to note that early withdrawal results in a lifelong reduction in pension benefits. There is now also the option of deferring part of the pension. Pension deferral is possible for a minimum of one year and a maximum of five years. Furthermore, under certain conditions, it is possible to increase the old-age pension by continuing to work after reaching the reference age. Additional financing through an increase in VAT The AHV is additionally financed by increasing the VAT from 2.5% to 2.6% or from 7.7 to 8.1%.