• 5 Posts
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Joined 1 year ago
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Cake day: June 30th, 2023

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  • They must care about it. The initiative states that it must be implemented no later than January 1, 2026.

    We have a similar trend as in the US with retired being poorer each year. Also, the general population is poorer. Ad to that the Confederation gave billions to falling banks and to the economy during COVID without giving a f to the population. People now want they share.


  • The title is misleading. Switzerland pension system is complex and divided by redistribution and capitalization.

    The vote of today concerns the pension by redistribution – the first pillar. Employers and employees are contributing for this part of the system as a percentage of the salary. The maximal pension is 2500 Swiss francs (2’829 USD). People will receive a rise equivalent to 1/12 of the yearly pension.

    The pension by capitalization – second pillar – follow the same system, with employers and employees contributing for it. But, it is not concern by the vote.

    First and second pillar are mandatory by law. In Switzerland, you have a third pillar, which isn’t mandatory. It’s mostly investment, like life insurance.


  • Actually, the pension by redistribution – which is concern by the vote – has $56.57 billions in reserve. This money doesn’t sleep. Switzerland is using it has an investment found.

    But, the Confederation has already thought about how to finance. There are two main propositions. The first is employers will have to contribute more. The second is that employers and employees will contribute as well as a higher VAT.