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The Swiss Voted In A Referendum That Women Should Retire At 65

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The Swiss voted by a narrow majority in a referendum to increase the retirement age for women to 65, and the vote was marked by a split between the reform-minded cantons of the German-speaking area and the other cantons.

50.6 per cent of voters voted for the reform, according to the final results, while

the initiative to reduce the livestock fund was rejected with 63 per cent of votes.

The AFP agency reminds that the reform of the pension system in Switzerland was preceded by two unsuccessful attempts in 2004 and 2017, and that the vote on the age limit of 65 years for women is expected to stabilize the Swiss pension insurance system.

Read more...

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That system, according to analysts’ estimates, is under great pressure due to the increase in life expectancy and the fact that the so-called baby boom generation is approaching retirement.

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