AHV (1st pillar): 2024 figures
AHV (1st pillar): figures for 2024
In 2024, the AHV recorded revenues of CHF 54.6 billion and expenditures of CHF 50.9 billion, generating a positive operating result of CHF 5.6 billion. Total capital now amounts to CHF 55.4 billion, representing 108.8% of annual expenditures.
Key figures
- 2.6 million of old-age pension recipients
- Average monthly pension: CHF 1,915 (all beneficiaries combined)
- Minimum pension 2025: CHF 1'260 / maximum: CHF 2'520
- Contribution rates: 8.7% of the salary (shared by employer and employee)
The entry into force of the AVS 21 reform in 2024 marks a turning point, with the gradual harmonization of the reference age to 65 for everyone by 2028. This development highlights the importance of tailored planning, particularly for women born between 1961 and 1969 who benefit from transitional measures.
Supplementary benefits
In 2024, 350,925 people received supplementary benefits, for a total amount of CHF 5.9 billion.
Key figures
- AHV pensioners at home (single person): CHF 1'252
- AHV pensioners in residential care: CHF 3,715
- DI pensioners at home: CHF 1'429
- DI pensioners at home: CHF 4,067
These figures highlight the significant gap between 1st and 2nd pillar benefits and the real cost of living, particularly in nursing homes.
Transitional benefits for older unemployed people
Introduced in 2021, transitional benefits (Ptra) were granted to 940 people in 2023, at a cost of CHF 28.4 million in 2024. The average monthly benefit amounts to CHF 2,548, demonstrating the crucial role of this scheme for people who lose their job after the age of 60.
Disability insurance: rehabilitation and pensions
In 2024, DI paid out CHF 10.5 billion in benefits, of which
- Cash benefits: CHF 7.1 billion
- Rehabilitation measures: CHF 2.2 billion
215,785 people benefited from rehabilitation measures in 2024, reflecting the priority given to professional reintegration. The average monthly AI disability pension in Switzerland amounts to CHF 1,517, i.e. 62% of the maximum pension.
The DI fund holds CHF 4.5 billion (37.5% of annual expenditures), after reducing its debt to the AHV from CHF 14.9 billion in 2011 to CHF 10.3 billion currently.
Allowances for loss of earnings: service and parenthood
In 2024, the EO paid out CHF 2.0 billion in benefits, broken down as follows:
- Military and civilian service: CHF 827 million
- Parenting allowances: CHF 1,128 million
Maternity allowances (64,055 beneficiaries, average of CHF 143.–/day) and leave for the other parent (61,479 beneficiaries, average of CHF 182.–/day) now represent the majority of benefits.
LPP/BVG (2nd pillar): capital and benefits
The professional providence has total capital of CHF 1’127.9 billion end of 2023, i.e. 89.1% of total social insurance capital.
Key figures
- Benefits paid: CHF 49.7 billion
- Number of old-age pension recipients: 915'789
- Average annual annuity: CHF 27,983
- Average lump-sum benefit (retirement): CHF 261,362
The average contribution rate stands at 18.4% of the insured salary (7.9% employee, 10.5% employer), with significant variations depending on the pension institution.
The average contribution rate was 18.4% of insured salary (7.9% employee, 10.5% employer), with significant variations between pension funds.
Accident insurance: coverage and statistics
Key figures
- Reported work-related accidents: 280'323
- Non-work-related accidents: 617'528
- Average AAP pension (Suva): CHF 15,984/year
- Average AANP pension (Suva): CHF 17,940/year
Average premiums (Suva) came to 0.72% for the AAP and 1.15% for AANP, down thanks to surpluses.
Pillar 3a: growth and tax potential
Total Pillar 3a capital (tied pension provision) will reach CHF 151 billion by the end of 2024, broken down as follows:
- CHF 97.8 billion with banks (of which CHF 39.6 billion in investment funds)
- CHF 53.2 billion in insurance
In 2022, 35% of taxpayers made a tax deduction under Pillar 3a, totaling 1.9 million people. This steadily increasing proportion reflects a growing awareness of the importance of individual pension planning.
Trends to watch
Demographics and dependency ratios
The retiree dependency ratio reaches 33.6% in 2024 (34 AHV pensioners per 100 active workers) and could exceed 41.9% by 2045 according to projections. This demographic trend underscores the importance of proactive retirement planning.
BVG/LPP conversion rate
The minimum LPP conversion rate remains set at 6.8%, but many pension funds apply lower rates for the supra-mandatory portion. This downward trend requires anticipating potentially lower pensions than initially expected.
Benefit Adjustments for 2025
- Vital needs PC: +2.9%
- Maximum PC rents: +7.3%
- Deductibles on PC income: +30%
- AHV/IV pensions: +2.9%
Planning to bridge the gaps
The 2025 figures for Swiss social insurance demonstrate the system's strength while revealing its structural limitations. Total social insurance capital amounts to CHF 1,265 billion, but individual realities vary considerably depending on career paths and pension planning choices.
Key points to remember
- AHV and BVG are generally not enough to maintain previous standard of living (constitutional target of 60% rarely achieved)
- Pillar 3a offers a triple advantage: immediate tax deduction, tax-sheltered growth and preferred taxation on withdrawal
- Early planning multiplies the results thanks to the effect of compound interest and accumulated tax savings
- Individual situations differ: self-employed, employees, career breaks, home ownership - each case requires a specific analysis
- The regulatory environment is changing: reforms, conversion rates, reference age - regular monitoring is essential
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Source: Swiss social insurance statistics 2025, GLOBAL ACCOUNT AND TEMPORAL SERIES AVS, AI, PC, PP, AMal, AA, APG, AC, AFam, Ptra, Office fédéral des assurances sociales OFAS [2025].
