The Swiss have given the LPP reform a big slap in the face. It was rejected by 67.1% of the vote, according to the final results. The USS, which initiated the referendum, has achieved another victory on pensions.
The slap is widespread throughout Switzerland. No canton has accepted the text. Only a handful of municipalities, including four in French-speaking Switzerland and half of the municipalities in Zurich’s upscale Goldküste, have supported the reform.
The Jura swept the text aside with 77.1% of the votes. Neuchâtel buried it with 76.9% of no votes. The reform was rejected by 73.6% of Fribourg residents, 73% of Geneva residents and 72.6% of Vaud residents. The no vote also won in Valais with 71.1%.
Across the Sarine, the results are just as clear. The no vote triumphs by more than 60% in all cantons. Only Zug is slightly lower. And Solothurn is at the top of the German-speaking ranking with 71.9%, followed by Basel-Landschaft. Bern rejected the text by 69.2% and Zurich by 64.1%. No canton accepted the text.
The “no” camp received 1,655,276 votes, compared to 810,817 for the “yes” camp.
Double challenge
Occupational pension provision faces a dual demographic and financial challenge. To ensure the financing of pensions in the long term, a revision is necessary, according to Parliament.
The main measure of the revision was a reduction of the minimum conversion rate in the compulsory occupational pension scheme from 6.8% to 6%. Compensation measures were planned. The entry threshold would have been lowered. Low wages and part-time workers would have been better covered, the proponents of the revision had argued.
For the Swiss Trade Union Federation (USS) and the left, this reform was a scam. It would not have benefited workers. They campaigned under the slogan: “Pay more for less pension.”
This article was published automatically. Source: ats
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