Swiss residents are living longer than ever before, impacting the amount of pension money they will receive in old age. That’s because the longer people live, the longer they rely on the pension money they accumulated while working. The study found that, due to longer life spans, pensions in Switzerland have fallen by 16.4 percent in the last 20 years, or by 12,260 francs. Someone who retired in 1985 with a retirement balance of 500,000 francs received an annual pension of around 36,000 francs. In other words, the annual pension is lower, because it is paid out for a significantly longer period.