Swiss Voters Approve Plan to Raise Pensions

SOURCE finance.yahoo.com
Swiss voters approved a plan to raise pensions, marking the first time social benefits have increased through a plebiscite in Switzerland's history. The proposal includes introducing a 13th annual payout to pensioners, with pensions set to increase by about 8% from 2026.

Key Points

  • First time social benefits increased via plebiscite in Switzerland's history
  • Introduction of a 13th annual pension payout
  • Pensions set to increase by about 8% from 2026

Pros

  • Increase in pensions benefits pensioners
  • Shows public concern for social benefits

Cons

  • Cost implications for the government
  • Potential need for tax hikes to fund the increase