Time bank :

A way to help and be helped in the old age. 

*Swiss Time Bank*

A student studying in Switzerland 

observes:

While studying in 

Switzerland, 

I rented a house near the school. 

The landlady Kristina is a 

67-year-old single 

old lady who had worked as a teacher in a secondary school before she retired. 

Switzerland's pension is 

very good, enough to not worry her

about food and shelter in her later years. 

However, she actually found "work" - to take care of an 87-year-old single old man. 

I asked if she was 

working for money. 

Her answer surprised me: “I do not work for money, but I put my time in 

the ‘time bank’, and 

when I cannot move in my old age, 

I could withdraw it.”

The first time I heard about this concept of "time bank", I was very 

curious and asked 

the landlady more. 

The original “Time Bank” was an old-age pension program developed 

by the Swiss Federal Ministry of Social Security. People saved the 

'time' taking care of 

the elderly when 

they were younger, and when they were old, ill or needed care could withdraw it.

Applicants must be healthy, good at communicating 

and full of love. 

Everyday they have to look after the elderly who need help. 

Their service hours will be deposited into the personal 'time' accounts of the social security system. 

She went to work twice a week, spending two 

hours each time helping the 

elderly, shopping, cleaning 

their room, taking them out to sunbathe, 

chatting with them. 

According to the agreement, after one year of her 

service, “Time Bank” will calculate her working hours and issue her 

a “time bank card”. 

When she needs someone to take care of her, 

she can use 

her “time bank card” to “time to 

withdraw “time and time interest”. After the information 

verification, “Time Bank” will assign other volunteers to take care of her at the hospital or her home.

One day, I was in school and the landlady called and said she fell 

off the stool when 

she was wiping the window. 

I quickly took leave and sent her to the hospital for treatment. 

The landlady broke her ankle and needed to stay in bed for a while. 

While I was preparing to 

apply for a home to take care of her, 

the landlady told me that I need not worry about her. 

She had already submitted a withdrawal request to the “Time Bank”. 

Sure enough, in less than two hours "Time Bank" 

sent a nursing worker to come and care for the landlady. 

In the following month, the care worker took care 

of the landlady everyday, chatted with her and made delicious meals for her. 

Under the meticulous care 

of the carer, the landlady soon recovered her health. 

After recovering, the landlady went back to "work".  

She said that she intends to save more time in the "time bank" while she is still healthy.

Today, in Switzerland, 

the use of "time banks" to support old age has become a common practice. 

This not only saves the country pension expenses, but also solves other social problems. 

Many Swiss citizens are very supportive of this kind of old-age pensions. 

The survey conducted by the Swiss pension organization shows that more than half of Swiss people alsowant to participate in this type of old-age care service. 

The Swiss government also passed legislation to support the "Time Bank" pension scheme.

At present the number of "empty-nest old people" in Asian 

countries are increasing and it has gradually 

become a social problem. 

Switzerland style "time bank" pension may be a good option for us too.

*What an interesting concept..... hope it gets adapted all over d world soon!!!*