Parliament has voted to pay the 13th month pension payment once a year in December from 2026.
In March, voters decided on the rise by over 58%.
It will cost over CHF 4bn a year, but CHF 5bn by 2030. To pay for it, VAT will increase to 8.8% in 2026 and the federal government will contribute CHF 450m a year.
It will be paid to all those claiming a pension and won’t impact poorer pensioners who are already receiving extra welfare payments.
Shock neck and neck opinion poll result
Voters are heading for a tight decision on immigration.
EU backs major unemployment benefit change
EU member states are backing a reform that could reshape unemployment benefits for frontaliers with significant financial implications for Switzerland.
Switzerland faces summer drought
Switzerland is facing a rapidly worsening drought, with eastern regions and northern Ticino now at high risk of forest fires.
Geneva migrants having to leave accomodation ahead of G7
Canton Geneva is having to find new accommodation for hundreds of migrants because of the upcoming G7 meeting.
US blames retail duopoly for difficult trade talks
Washington is turning up the heat on Switzerland in a growing trade dispute - blaming the retail duopoly of Migros and Coop.
Pension details to be online
Switzerland is moving to modernise its social insurance system.
