Under the proposals, the only people who could apply for the payments are those who lost their jobs and are no longer eligible for unemployment benefits.
The potential beneficiaries must have paid a minimum amount into the state-run old age pension scheme for 20 years and have had a minimum income of CHF21,330 ($21,500) annually for at least ten years before filing a claim. The personal wealth of an individual beneficiary must not exceed CHF100,000.
Social security package
The pre-pension payments are to be funded by the government and could cost CHF230 million ($232 million) annually in 2030. An estimated 4,400 people could be eligible for the payments, according to the interior ministry.
The planned measures are part of a government policy agreed with the employer’s organisation and the unions to promote Swiss employees on the labour market.
Studies have found that older people are marginalised amid pressure from younger employees from European Union countries benefiting from unrestricted access to the Swiss labour market.
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