Swiss Retirees Forced Abroad by Rising Living Costs

• An increasing number of Swiss retirees are withdrawing their pension capital to emigrate due to the high cost of living in Switzerland.
• Marcello Castelli, a 65-year-old former waiter, is moving to Italy because his combined Swiss pension would only amount to roughly CHF 2,400 per month.
• Seasonal workers in the catering industry often have gaps in pension contributions, leading to significantly lower retirement capital.
• In 2023, only 40% of new pensioners chose to receive a full monthly pension from their second pillar.

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