In a move that pensioners rights group Avivo called “a historic victory for retirees,” Swiss voters on Sunday voted to boost their pension by one-month’s payment.
At the same time, voters rejected a measure to raise the retirement age from 65 to 66. The vote marks the first time in Switzerland’s history that its people have voted directly to increase their own benefits, and one expert said the break with the past could be a response to the government bailout of Credit Suisse in 2023.
“Many think that the entrepreneurs and managers have broken the unwritten Swiss social contract: That managers are modest with bonuses and debauchery and the people are modest with social demands,” Michael Hermann, who leads the Sotomo poll, told newspaper SonntagsZeitung. “People have been angry for a long time about the behavior of corporations, managers, tax evaders. So you often hear now: ‘If they help themselves, then we also want something for us.'”
The pension plan measure will see pensioners receive a 13th payment every November, as is already the case for Swiss paychecks, as BBC News explained. Currently, pensioners are paid between $1,393 and $2,760 a month, which many argue is not enough given Switzerland’s high cost of living. Zurich tied with Singapore as the most expensive city in the world, according to a November report by the Economic Intelligence Unit.
“I’m retired now and so obviously I would like a bit more,” 65-year-old Zurich voter Mery told Reuters. “It should allow me to give a little something to my grandchildren.”
The extra payments will start in 2026.
The measure needed both a majority of voters and a majority of cantons to pass, which it secured with 58.24% of voters and 16 out of 26 cantons, according to Le Monde.
🇨🇭#Switzerland, referendum final results:
— World Elects (@ElectsWorld) March 3, 2024
Add a 13th month of pension:
Yes: 58,2 %✅
No: 41,8 %
Map from @swissinfo_en#ChVote/#abst24 pic.twitter.com/vCTSy0jjKO
The increase was backed by left parties and the Swiss Trade Union Federation and opposed by business interests and the center-right government and parliament, who argued it would be difficult to pay for. This makes the yes vote especially surprising, as historically Swiss voters have not acted against government advice on financial matters. For example, they rejected previous proposals to shorten the work week and increase the number of vacation days.
“Democracy is alive and kicking in Switzerland,” said Interior Minister Elisabeth Baume-Schneider.
Lukas Golder of polling firm gfs.bern, reports Reuters, told SRF that the vote was “a huge milestone from a union perspective.”
Head of the Swiss Trade Union Federation Pierre-Yves Maillard, told RTS that the vote sent “a wonderful message to all those who have worked hard all of their lives” and proved that “it is the people who have the power in Switzerland,” according to Le Monde.
The proposal to raise the retirement age by one year and tie it to life-expectancy was rejected by 74.72% of voters. Turnout for the election was high for a Swiss plebiscite, at more than 58%.
Switzerland, final results:
— Europe Elects (@EuropeElects) March 3, 2024
Retirement age (Initiative)
Support: 25.28%
Oppose: 74.72%
Turnout: 58.10%
➤ https://t.co/bwwWi5iFIX#CHvote #Abst24 #VotazioniCH #Votaziuns pic.twitter.com/z1kr8BNncC
The election comes amid a push to raise the retirement age in other countries. France’s Emmanuel Macron faced massive protests when he upped that country’s retirement age from 62 to 64.
U.S. Republican presidential candidate Nikki Haley has called for raising the retirement age for workers who are now in their 20s.
“They should plan on their retirement age being increased, yes,” Haley said of younger workers during a January 10 debate.
Help us Prepare for Trump’s Day One
Trump is busy getting ready for Day One of his presidency – but so is Truthout.
Trump has made it no secret that he is planning a demolition-style attack on both specific communities and democracy as a whole, beginning on his first day in office. With over 25 executive orders and directives queued up for January 20, he’s promised to “launch the largest deportation program in American history,” roll back anti-discrimination protections for transgender students, and implement a “drill, drill, drill” approach to ramp up oil and gas extraction.
Organizations like Truthout are also being threatened by legislation like HR 9495, the “nonprofit killer bill” that would allow the Treasury Secretary to declare any nonprofit a “terrorist-supporting organization” and strip its tax-exempt status without due process. Progressive media like Truthout that has courageously focused on reporting on Israel’s genocide in Gaza are in the bill’s crosshairs.
As journalists, we have a responsibility to look at hard realities and communicate them to you. We hope that you, like us, can use this information to prepare for what’s to come.
And if you feel uncertain about what to do in the face of a second Trump administration, we invite you to be an indispensable part of Truthout’s preparations.
In addition to covering the widespread onslaught of draconian policy, we’re shoring up our resources for what might come next for progressive media: bad-faith lawsuits from far-right ghouls, legislation that seeks to strip us of our ability to receive tax-deductible donations, and further throttling of our reach on social media platforms owned by Trump’s sycophants.
We’re preparing right now for Trump’s Day One: building a brave coalition of movement media; reaching out to the activists, academics, and thinkers we trust to shine a light on the inner workings of authoritarianism; and planning to use journalism as a tool to equip movements to protect the people, lands, and principles most vulnerable to Trump’s destruction.
We’re asking all of our readers to start a monthly donation or make a one-time donation – as a commitment to stand with us on day one of Trump’s presidency, and every day after that, as we produce journalism that combats authoritarianism, censorship, injustice, and misinformation. You’re an essential part of our future – please join the movement by making a tax-deductible donation today.
If you have the means to make a substantial gift, please dig deep during this critical time!
With gratitude and resolve,
Maya, Negin, Saima, and Ziggy