The Swiss government has rejected arguments to raise the retirement age to 66 and for a 13th monthly pension payment – proposals that will be decided by voters in March.
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El Gobierno suizo insta a los votantes a rechazar las propuestas de reforma de las pensiones
On March 3, Swiss citizens will vote on the popular initiative “For a better life in old age”. The initiative seeks to increase the old-age pension by one month.
A 13th pension payment would thus be added each year to the 12 monthly pensions. The Federal Council recommends rejecting the initiative because of the additional costs of at least CHF4.1 billion per year that it would entail.
The Federal Council is also saying no to the popular initiative by the Young People’s Party of the Swiss Liberal Democrats to raise the retirement age, initially to 66, for both men and women, and then in line with life expectancy.
In the government’s view, the initiative is too rigid and comes too soon after pension reforms.
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Explainer: the three Swiss pension pillars
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The Swiss cabinet and parliament are wrangling over reforms to the country’s pension scheme. How does the current system work?
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