In this indicator, people that fulfil the three following criteria are considered as having taken early retirement:
- They have not reached ordinary (legal) retirement age.
- They worked at least until the age of 50, but are no longer in employment.
- The main reasons they give for being non-active are retirement, disability or poor health.
The receipt of benefits from the three pillars of the old-age provision system is not taken into account to calculate this indicator. Furthermore, a person who started work again after have taking early retirement is not considered here to be in early retirement. Thus, a “labour market approach” is adopted and not an “old-age provision approach”. The early retirement rate is calculated by dividing the number of persons in early retirement by the number of people who worked at least until the age of 50.
Statistical source:
Swiss Labour Force Survey (SLFS)
