Old-age provision AHV must expect a deficit despite improved prospects
Even though the financial outlook for the AHV has improved somewhat, it will still have to contend with pay-as-you-go deficits in the coming years, partly due to the 13th AHV pension. The Federal Council was informed of the updated financial outlook on Wednesday.
20.08.2025, 13:24
SDA
The 13th AHV pension approved by the electorate will be paid out for the first time in 2026, and it will increase the AHV contribution deficit - investment results are not taken into account. Rapid additional financing remains key, wrote the Federal Council.
The prospects have improved because, compared to the 2020 scenario, it is assumed that there will be more people in employment and therefore more payments into the AHV. At the same time, the number of over-65s is expected to grow more slowly. Life expectancy is also likely to increase more slowly.
This means that AHV expenditure is likely to grow less strongly. However, the AHV could have less income in the short term because the economy is likely to weaken. If wages also rise less, this will also be the case for the AHV minimum pension.
