Planned pension reform sees women working a year longer
The Swiss government plans to incrementally increase the retirement age of women to 65 while offering incentives for all people to work longer. The CHF2.8 billion ($2.84 billion) savings measures would be accompanied by a sales tax hike and extra pension payments for hardship cases.
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Reforma de retiro: un año más de trabajo para la mujer
On Wednesday, Interior Minister Alain Berset presented the latest proposalsExternal link to rescue the ailing state pension system. Two previous plans have been rejected by Swiss voters in recent years.
A central plank of the reform is to ask women to work an extra year – retiring at 65 rather than 64. The increase would come in stages of three months per year, providing the plan passes both parliamentary and voter scrutiny.
To make the change more palatable, the government proposes raising value added tax by up to 0.7% and paying CHF700 million into a hardship fund for nine years.
The reference retirement age, to be harmonized for both men and women at 65, comes with some flexibility. Both men and women would be offered financial incentives to continue working until they are 70. Workers could also choose to draw on their state pension early by retiring as young as 62.
Direct trains to run from Zurich to Florence and Livorno
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The Swiss Federal Railways and Trenitalia will offer direct trains from Zurich to Florence and Livorno and vice versa from 2026.
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The Swiss armed forces had an effective headcount of around 147,000 as of March 1, 2024. This exceeds the upper limit of 140,000 specified in the army organisation by 5%.
More than 400,000 cross-border commuters now work in Switzerland
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Amherd and von der Leyen discuss ongoing Swiss-EU negotiations
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Swiss President Viola Amherd and EU Commission President Ursula von der Leyen have met and talked about the ongoing negotiations between Bern and Brussels.
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One million francs, 34 million euros and around 830 kilos of gold: this is the fortune that two Swiss nationals are accused of having moved across borders for at least four years.
Girls in female-dominated classes earn more later on
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At the age of 30, women from school classes with a 55% share of girls earn $350 more per year than women from classes with a 45% share of girls.
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Geneva-based luxury goods group Richemont reported a downturn in performance for the first half of its 2024/25 financial year. Both sales and profit declined.
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Berset pushes for tax-hike to solve pension problems
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Swiss President Alain Berset has defended his proposed pension reform plans, which include a 1.7% increase in valued-added tax (VAT) to fund it.
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