Breaking the Tradition: The Surge in Working Beyond Retirement Age and Its Impact on Society

The trend of working beyond the traditional retirement age is on the rise, with many individuals choosing to continue their careers well into their golden years. One such individual is Maurizio Fedi, who has been working since almost his 65th birthday at Burckhardt Compression. Initially hesitant about accepting a retirement contract, Fedi found a satisfying arrangement that allowed him to work part-time when needed. This flexible arrangement benefits both Fedi and the company, as it enables Fedi to continue contributing his valuable skills and experience while also providing the company with a reliable and experienced employee.

Similarly, Ulrich Brunner opted to delay his retirement by working 80% of the time instead at Migros Lucerne. The company offers its employees the option to retire at a later age and accommodates their wishes if they wish to continue working. Brunner’s decision to continue working until a specific date takes into account the tax implications and benefits of staggered retirement for himself and his wife.

Silvia Muller, who works full-time at Novartis despite being of AHV age, enjoys her work, social interactions, and the opportunity to pass on her knowledge. While still contributing to the AHV pension, Muller looks forward to receiving her second pillar in retirement without worrying about the tax implications. The shortage of skilled workers makes it beneficial for companies like Novartis to retain experienced employees like Muller, who are healthy, enjoy working and wish to continue contributing.

The changing landscape of retirement planning is making it more flexible and individualized due to reforms like AHV 21. With an increased life expectancy and pressure on retirement provisions, late rather than early retirement is becoming increasingly important for individuals considering their health, enjoyment of work, financial situation, tax implications, and retirement provisions when deciding whether or not to continue working beyond the traditional retirement age.

In conclusion, working beyond the traditional retirement age is becoming increasingly popular among individuals who want to stay active mentally and physically while continuing their careers. Companies benefit from retaining experienced employees who are healthy and motivated while also providing them with valuable skills and knowledge. As society continues to change its approach towards pension planning and healthcare provisioning it is important that individuals consider all factors carefully before deciding whether or not they want