Switzerland: 67.1% of voters reject reform of occupational pension system

On Sunday 22 September, the Swiss rejected by a wide margin the government's plan to reform the federal law on pension plans (BVG), in a vote initiated by left-wing parties and trade unions. Some 67.1% of votes were cast against the amendment, with all the cantons in opposition. The prospect of a reduction in pension income of around 12% put off a large majority of citizens.

Through Thomas Schnee. Published on 24 September 2024 à 14h09 - Update on 24 September 2024 à 14h09

In recent years, Switzerland’s three-pillar pension system has come under fire from governments and social partners. The first pillar consists of the compulsory state-run old age, survivors, and disability insurance (AHV), the second of occupational pension funds funded in equal proportions by contributions from employees and employers, and the third of optional private savings with tax incentives provided by the state.…

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