The reference age for women is gradually increasing from 64 to 65. The statutory provisions will enter into force on January 1, 2024. Women born in 1960 will still retire at 64, while women born in 1961 will retire at 64 years and three months. This has already been taken into account in the 2024 pension certificate. For men, the reference age remains unchanged at 65.
In order to counteract redistribution and to be able to offer all insured persons a sustainable and fair retirement provision solution, the Vita Collective Foundation is adjusting conversion rates in line with the current situation. The conversion rates for the years 2024 to 2026 for retirement at the reference age are as follows:
| 2024 | 2025 | 2026 | |
|---|---|---|---|
| Men | 5.60% | 5.50% | 5.40% |
| Women | 5.60% | 5.55% | 5.50% |