The Swiss Times - Swiss News in English

SGB: Clear commitment to AHV

The Swiss Federation of Trade Unions (SGB) describes the Yes vote to its initiative for a 13th AHV pension as a clear commitment to the AHV. The population wants good pensions. The SGB expects the initiative to be implemented quickly. And the question of the retirement age is off the table for it.

The Federal Council and parliamentary majority had ignored the pension problem for too long, the SGB announced on Sunday. The result and the high turnout clearly showed that those who have worked all their lives deserve a decent pension.

The majority of the population expect politicians to implement this quickly. However, this has not yet solved the purchasing power problems. Wages need to catch up and the burden of health insurance premiums has exceeded the pain threshold.

The trade union umbrella organization Travailsuisse saw the results of the vote on the two pension initiatives as a sign that the population rejects further cuts to the pension system. The opponents' scare scenarios for the AHV had not been successful.

The No to the Young Liberals' pension initiative is a clear signal against further increases in the retirement age. The initiative would have exacerbated social inequalities. High earners would have continued to retire earlier, while poorer people would have had to work significantly longer. Travailsuisse also expects that the ruling will put a higher retirement age off the table.

©Keystone/SDA

Most Read

Sunday, April 7 – Round Up

7 April 2024
Switzerland may fund French nuclear projects as it grapples with internal issues in the news this Sunday morning.

Swiss Employers Association: Increase Retirement Ages

8 April 2024
Following the rejection of a pension initiative, the Swiss Employers' Association (SAV) recommends a gradual raise in retirement age to 66.

Diehl Defence Will Develop Drones For Swiss Defence Firm Skysec

12 April 2024
Diehl Defence collaborates with Skysec Defence under a new agreement to enhance drone defense capabilities for military use.

Zurich VC Lakestar Secures $600 Million In New Funds

12 April 2024
Lakestar successfully closes two new funds, accumulating $600 million, to advance Europe's digital sovereignty.

Stay in Touch!

Noteworthy

Lucerne Asset Manager Jailed For Years
17 April 2024
Switzerland Moves to Ban Extremist Symbols
17 April 2024