The Fort Worth Press - Swiss narrowly back hiking retirement age for women

USD -
AED 3.672983
AFN 68.112673
ALL 94.198378
AMD 389.366092
ANG 1.801814
AOA 913.000342
ARS 1002.373762
AUD 1.535425
AWG 1.8025
AZN 1.702735
BAM 1.877057
BBD 2.018523
BDT 119.468305
BGN 1.87679
BHD 0.376794
BIF 2953.116752
BMD 1
BND 1.347473
BOB 6.908201
BRL 5.800986
BSD 0.99976
BTN 84.384759
BWP 13.658045
BYN 3.27175
BYR 19600
BZD 2.015164
CAD 1.39773
CDF 2871.000206
CHF 0.893259
CLF 0.035441
CLP 977.925332
CNY 7.242966
CNH 7.255695
COP 4389.749988
CRC 509.237487
CUC 1
CUP 26.5
CVE 105.825615
CZK 24.28895
DJF 178.031575
DKK 7.158303
DOP 60.252411
DZD 134.221412
EGP 49.58284
ERN 15
ETB 122.388982
EUR 0.95985
FJD 2.27595
FKP 0.789317
GBP 0.797766
GEL 2.73993
GGP 0.789317
GHS 15.795384
GIP 0.789317
GMD 70.999977
GNF 8617.496041
GTQ 7.717261
GYD 209.15591
HKD 7.784201
HNL 25.264168
HRK 7.133259
HTG 131.234704
HUF 394.421502
IDR 15943.55
ILS 3.70177
IMP 0.789317
INR 84.43625
IQD 1309.659773
IRR 42074.999774
ISK 139.680283
JEP 0.789317
JMD 159.268679
JOD 0.709102
JPY 154.770141
KES 129.468784
KGS 86.500646
KHR 4025.145161
KMF 472.503525
KPW 899.999621
KRW 1404.509773
KWD 0.30785
KYD 0.833149
KZT 499.179423
LAK 21959.786938
LBP 89526.368828
LKR 290.973655
LRD 180.450118
LSL 18.040693
LTL 2.95274
LVL 0.60489
LYD 4.882192
MAD 10.057392
MDL 18.23504
MGA 4666.25078
MKD 59.052738
MMK 3247.960992
MNT 3397.999946
MOP 8.015644
MRU 39.77926
MUR 46.850206
MVR 15.459571
MWK 1733.576467
MXN 20.44549
MYR 4.468031
MZN 63.909924
NAD 18.040693
NGN 1696.699662
NIO 36.786794
NOK 11.077505
NPR 135.016076
NZD 1.714076
OMR 0.384846
PAB 0.99976
PEN 3.790969
PGK 4.025145
PHP 58.938964
PKR 277.626662
PLN 4.158919
PYG 7804.59715
QAR 3.646048
RON 4.78029
RSD 112.294256
RUB 104.167286
RWF 1364.748788
SAR 3.754429
SBD 8.383555
SCR 13.698973
SDG 601.496859
SEK 11.03372
SGD 1.346598
SHP 0.789317
SLE 22.729751
SLL 20969.504736
SOS 571.332598
SRD 35.494034
STD 20697.981008
SVC 8.748021
SYP 2512.529858
SZL 18.034455
THB 34.592502
TJS 10.647152
TMT 3.5
TND 3.17616
TOP 2.342096
TRY 34.514978
TTD 6.790153
TWD 32.583495
TZS 2659.340659
UAH 41.35995
UGX 3694.035222
UYU 42.516436
UZS 12825.951341
VES 46.55914
VND 25419
VUV 118.722009
WST 2.791591
XAF 629.547483
XAG 0.031938
XAU 0.000369
XCD 2.70255
XDR 0.760497
XOF 629.547483
XPF 114.458467
YER 249.92504
ZAR 18.08816
ZMK 9001.202175
ZMW 27.617448
ZWL 321.999592
  • SCS

    0.2300

    13.27

    +1.73%

  • RIO

    -0.2200

    62.35

    -0.35%

  • AZN

    1.3700

    65.63

    +2.09%

  • BTI

    0.4000

    37.38

    +1.07%

  • RYCEF

    -0.0100

    6.79

    -0.15%

  • RBGPF

    59.2400

    59.24

    +100%

  • CMSC

    0.0320

    24.672

    +0.13%

  • NGG

    1.0296

    63.11

    +1.63%

  • GSK

    0.2600

    33.96

    +0.77%

  • CMSD

    0.0150

    24.46

    +0.06%

  • BCE

    0.0900

    26.77

    +0.34%

  • BP

    0.2000

    29.72

    +0.67%

  • RELX

    0.9900

    46.75

    +2.12%

  • VOD

    0.1323

    8.73

    +1.52%

  • BCC

    3.4200

    143.78

    +2.38%

  • JRI

    -0.0200

    13.21

    -0.15%

Swiss narrowly back hiking retirement age for women
Swiss narrowly back hiking retirement age for women / Photo: © AFP

Swiss narrowly back hiking retirement age for women

Swiss voters on Sunday accepted by a hair a divisive pension reform plan, which will raise women's retirement age to the same as men's, but snubbed a push to ban factory farming

Text size:

Final results showed a tiny majority of Swiss approved a government plan to reform the country's pension system for the first time in more than a quarter of a century.

Bern has long argued the need to "stabilise" the country's old-age security system, under pressure as life expectancy rises and the giant baby boomer generation reaches retirement age.

After failing twice to get the approval needed for similar plans, in 2004 and 2017, two separate votes on different aspects of the reform passed Sunday.

Just 50.57 percent of Swiss agreed to the most controversial part of the reform, involving hiking women's retirement age by one year.

This means women will need to work until the age of 65 before receiving a full pension, bringing them en par with their male counterparts.

A separate vote on boosting funding for the reform through a sales tax hike meanwhile passed with 55 percent in favour.

Parliament approved the key measures last year, but left-leaning parties and unions decried the reform "on the backs of women" and pushed the issue to a referendum under Switzerland's direct democratic system.

Backers of the reform argued that it was reasonable for men and women to retire at the same age, with Celine Amaudruz, vice president of the populist rightwing Swiss People's Party hailing the vote as "a first step towards permanence" for the old-age insurance system.

- 'Slap in the face' -

But Sunday's decision sparked outrage from the plan's opponents.

The Swiss Socialist Party's women's group immediately announced a demonstration in Bern on Monday, warning the plan would dramatically cut women's already inferior pension income.

"Women's pension income will be reduced by 7 billion Swiss francs ($7.1 billion) over the next 10 years: a slap in the face of all women," it said in a statement.

Opponents argued that women face significant discrimination and a broad gender pay-gap in Switzerland, and thus receive far smaller pensions than men, demanding such issues be addressed before hiking their retirement age.

In 2020, women in Switzerland on average received pensions nearly 35 percent smaller than men, according to the Swiss economy ministry.

Polls ahead of Sunday's vote revealed deep divisions between the sexes, with around 70 percent of men questioned in favour and close to 60 percent of women opposed.

Sunday's results were not immediately broken down by gender, but did show a dramatic divide between different Swiss regions.

While Switzerland's German-speaking part was overwhelmingly in favour of the reform, the French and Italian-speaking parts were staunchly opposed, with nearly 63 percent of Geneva voters voting "no" and more than 70 percent in Jura canton.

Pierre-Yves Maillard, head of the Swiss Trade Union Federation, warned that the deep divide seen between the sexes and the regions on such an important issue was "not good politics."

"It will leave a trace," he told the Keystone-ATS news agency.

- Factory farming ban rejected -

Another hotly debated issue on Sunday's ballot, a proposed ban on intensive livestock farming, was meanwhile rejected.

Final results showed just over 63 percent of voters voted "no" to the popular initiative by animal rights and welfare organisations.

The backers of the initiative had wanted to make protecting the dignity of animals like cattle, chickens or pigs a constitutional requirement.

Their initiative would have imposed stricter minimum requirements for animal-friendly housing and care, access to outdoors and slaughtering practices, essentially outlawing factory farming.

The government and parliament opposed the initiative, insisting that Switzerland already has among the world's strictest animal welfare laws, and that tightening the rules would significantly hike prices.

Backers of the initiative said Sunday they were pleased the campaign had at least raised awareness about the issue.

"All of Switzerland has discussed the problems linked to intensive livestock farming and our meat consumption," Vera Weber, head of the Franz Weber Foundation, told RTS.

"For us, it is in any case a victory."

Voter participation Sunday ticked in at over 52 percent, above the usual ceiling of around 50 percent.

A.Maldonado--TFWP