Tag Archives: Swiss pension reform

© Germana Marengo | Dreamstime.com As Switzerland’s population ages the number of people paid state pension is rising relative to the number of workers funding it. Since 2014, more has been paid out than has been paid in. The most effective way to fix this imbalance is to raise the pension age. If the average life expectancy of a retiree is 15 years, then raising the pension age by one year will cut the cost by nearly 7%. Switzerland is one of a few countries that...

As Switzerland’s population ages the number of people paid state pension is rising relative to the number of workers funding it. Since 2014, more has been paid out than has been paid in. © Germana Marengo | Dreamstime.comThe most effective way to fix this imbalance is to raise the pension age. If the average life expectancy of a retiree is 15 years, then raising the pension age by one year will cut the cost by nearly 7%. Switzerland is one of a few countries that still has a lower...

Switzerland’s government is working hard to find ways to fix a looming state pension shortfall. © Sang Lei | Dreamstime.com - Click to enlarge Two politicians in the canton of Fribourg have decided to seek savings by attempting to cut lifetime government pensions granted after short stints in the job, according to the newspaper 20 Minutes. In some Swiss cantons, government leaders can work for several years and leave...

Switzerland’s government is working hard to find ways to fix a looming state pension shortfall. © Sang Lei | Dreamstime.com Two politicians in the canton of Fribourg have decided to seek savings by attempting to cut lifetime government pensions granted after short stints in the job, according to the newspaper 20 Minutes. In some Swiss cantons, government leaders can work for several years and leave with pensions for life, a perk that Nicolas Kolly (UDC/SVP) and Romain Collaud (PLR/FDP) think...

© Michael Smith | Dreamstime - Click to enlarge According to Le Matin, Jean-Luc Addor, a parliamentarian and member of the Swiss People’s Party (UDC/SVP), wants to know what savings could be made if pensions paid to those abroad were adjusted for living costs in those countries. According to the newspaper, after the rejection of the vote to reform Swiss pensions, Addor said that the rejected reform was aimed at...

Le Matin. According to Le Matin, Jean-Luc Addor, a parliamentarian and member of the Swiss People’s Party (UDC/SVP), wants to know what savings could be made if pensions paid to those abroad were adjusted for living costs in those countries. © Michael Smith | Dreamstime According to the newspaper, after the rejection of the vote to reform Swiss pensions, Addor said that the rejected reform was aimed at guaranteeing the financing of the pension system over the coming years, as well as...

20 Minutes. Various Swiss unions along with the socialist and green parties have launched an initiative to increase pensions. Their plan, which demands a 10% increase in pension payments, will be put before Swiss voters in a referendum on 25 September 2016. © Anne Barroil | Dreamstime.com The cost of the plan could be as high as CHF 4.1 billion. Those behind the vote propose increasing social security taxes by 0.8% to fund the rise. Pension increases would equate to an extra CHF 2,400 a year...