Vote 22 September: Unions launch counter-campaign – News




Vote September 22: Trade unions launch counter-campaign – News – SRF























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Higher wage deductions but lower pensions: the SGB is fighting against this. The vote is on September 22nd.

The Swiss Federation of Trade Unions (SGB) has launched a referendum campaign against the pension reform. The current BVG reform ignores the financial situation of pension funds and is completely out of date, argues the SGB. They are therefore fighting against the higher wage deductions and the lower pensions.

High returns according to SGB

The pension funds have achieved high returns over the last ten years and are “swimming in money,” according to the SGB. Nevertheless, wage deductions are to be increased and pensions reduced. The reform will reduce the pension guarantee by twelve percent while the BVG retirement assets remain the same.

On the contrary, given the current very good situation of pension funds, it is time to grant inflation compensation on current pensions, says the SGB. Because in the last three years, pensions have lost more than five percent of their purchasing power due to inflation.

Voting on 22 September


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Legend:

Left alliance against the BVG reform: In the middle SGB President Maillard, to the right SP Co-President Wermuth and on the far right the President of Travail.suisse, Wüthrich.

Keystone/Anthony Anex

In view of the increasing life expectancy and the low returns, a reduction in the conversion rate in the compulsory part of the occupational pension scheme from the current 6.8 to 6 percent is unavoidable, say the proponents of the proposal – including the Federal Council and Parliament.

In return, the so-called coordination deduction will be abolished, which will put people on low incomes in a better position because they will be able to accumulate more pension fund capital than before. And to cushion the impact for the transition generations, future new pensioners will receive a monthly supplement of up to 200 francs during a 15-year transition period.

According to the federal government, the reform will primarily affect those in employment who are insured at the minimum level set out in the BVG or only slightly more. This is likely to be no more than a third of all those insured. Voters will be called to the polls on September 22nd.


sda/snep; imhm


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