The reference age for women rose by three months as at 1 January 2025. This means that women who turned 64 in January 2025 will retire on 1 April 2025.

Employees who continue to work beyond retirement age, can voluntarily waive the tax-free amount in order to pay contributions on their entire income. Under certain circumstances, this can increase the pension entitlement: Either by filling contribution an insurance gaps or by increasing the relevant average annual income.

A waiver of the allowance must be entered before the first payroll run after reaching the reference age or then before the first payroll run in the new year. Enter these persons as subject to AHV by activating the corresponding field ‘Waiver of allowance’. By default, the person is set to pensioner with allowance after reaching the reference age.