Swiss Pension Reform Faces Strong Opposition

Published: 2024-09-10

The proposed Swiss pension reform, aimed at adjusting the occupational pension system, faces significant opposition, particularly from low-income households.

A recent survey indicates that 59% of voters plan to reject the reform, with only 37% in favor.

The reform seeks to lower the conversion rate from 6.8% to 6.0%, which critics argue would lead to higher wage deductions for low-income earners and reduced pensions for others.

Proponents, however, highlight improved insurance for part-time and multiple job holders, benefiting many women.

The pension sector remains divided, with some supporting the reform's goals but criticizing the transitional pension supplements.

If rejected, the reform's failure would mark the third unsuccessful attempt to adjust the pension system, raising questions about future reform strategies.