From 1 Jan 2021, individuals in Switzerland aged 58 or older, whose employment has been terminated, could choose to remain enrolled in their employer-sponsored occupational pension schemes until they reach the normal retirement age specified by the pension scheme. In the case of restructuring, individuals who are at least 55 also may have this option if the pension scheme allows. The measures feature in the revised Federal Act on Occupational Retirement, Survivors' and Disability Pension Plans (BVG) that provides mandatory employee benefits insurance.
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