Logo

Switzerland Today

Swiss news in English

Thursday, October 17, 2024

Swiss Voters Reject Key Reforms

Published: 2024-09-22

In a significant political event, Swiss voters have decisively rejected two major proposals: the reform of occupational pensions (BVG-Reform) and the Biodiversity Initiative.

The BVG-Reform, which aimed to lower the conversion rate from 6.8% to 6% to address increased life expectancy, was met with a strong 68% opposition.

This reform was seen as a compromise, but its failure leaves the pension system in a state of uncertainty.

Similarly, the Biodiversity Initiative, which sought to enhance protection for landscapes and localities, was also turned down with 63% voting against it.

The results reflect a clear urban-rural divide, with urban areas like Basel-Stadt showing some support for the initiatives, while rural regions largely opposed them.

The low voter turnout, with participation around 43.5%, highlights a lack of engagement with these complex issues.