AHV Reform 21, which was approved by the people and cantons on September 25, 2022, came into force on January 1, 2024. The stabilization of the AHV comprises four measures: Standardization of the retirement age for women and men to 65 The adjustment will introduce a uniform retirement age for women and men. The retirement age for women will be increased in four stages: Year Reference age Concerns 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 compensation measures. Women who draw their old-age pension before the reference age have their pension reduced to a lesser extent and for life. You can continue to draw your retirement pension early from the age of 62. In addition, women who do not draw their pension early will receive a pension supplement of between CHF 12.50 and CHF 160 per month for full contribution periods. More flexible pension drawdown The pension can now be drawn from any month between the ages of 63 and 70 (women of the transitional generation from the age of 62). Advance withdrawals are now also possible on a monthly basis, whereas previously one or two whole years had to be withdrawn in advance. Furthermore, it is now also possible to draw only part of the pension (between 20%-80%). It is important to note that an early withdrawal leads to a lifelong reduction in the pension. There is now also the option of deferring part of the pension. The pension deferral is valid for at least one year and max. five years is possible. Under certain conditions, it is also possible to improve the retirement pension by continuing to work after reaching the reference age. Additional financing through an increase in VAT The increase in VAT from 2.5% to 2.6% and from 7.7% to 8.1% will provide additional financing for the AHV.