Pension Provision for Registered Partnerships
Couples can also live together and take care of each other in a registered partnership. While this option offers a high level of security and is subject to clear rules, here too you must make provisions for your old age and your family, and start saving.
Since 2007, Switzerland has allowed same-sex couples to enter into a registered partnership. This option allows couples to make their dreams a reality and share responsibility, while providing security and clear rules. Nevertheless, same-sex couples should begin their journey together by planning their personal retirement and starting to save for retirement at an early stage.
What Do People in a Registered Partnership Need to Bear in Mind When Planning for Retirement?
In terms of the first pillar, couples in a registered partnership have the same status as married couples upon retirement. The AHV pension is paid on reaching the normal AHV retirement age. Once both registered partners retire, the combined total of the individual pensions cannot exceed 150% of the maximum pension. If one partner dies, the surviving partner has the same status as a widow/widower. The surviving partner is entitled to a survivor's pension only if there are children under the age of 18; children will receive an orphan's pension (until age 18 or 25 if they are still in education).
Under the second pillar, the partner will receive a widow/widower's pension or a single lump-sum payment if the other partner dies. If there are children, they will receive an orphan's pension. Details about these pensions are provided on the pension fund statement and in the fund's regulations.
The third pillar is more flexible: Partners or children can be provided for using a life insurance policy with death coverage.