Dubai Telegraph - Swiss narrowly back hiking retirement age for women

EUR -
AED 4.382198
AFN 78.754674
ALL 96.774708
AMD 453.149301
ANG 2.136006
AOA 1094.207135
ARS 1723.102862
AUD 1.703562
AWG 2.147844
AZN 2.027442
BAM 1.958133
BBD 2.409352
BDT 146.164116
BGN 2.003902
BHD 0.44984
BIF 3543.996936
BMD 1.193246
BND 1.513406
BOB 8.265053
BRL 6.196645
BSD 1.1962
BTN 110.054406
BWP 15.599563
BYN 3.379194
BYR 23387.630134
BZD 2.405847
CAD 1.612422
CDF 2693.762547
CHF 0.916294
CLF 0.025959
CLP 1024.998187
CNY 8.291151
CNH 8.289429
COP 4358.929228
CRC 591.891888
CUC 1.193246
CUP 31.621031
CVE 110.398824
CZK 24.32057
DJF 213.014461
DKK 7.467264
DOP 75.160557
DZD 154.348858
EGP 55.874598
ERN 17.898697
ETB 185.131832
FJD 2.622039
FKP 0.865821
GBP 0.867049
GEL 3.215789
GGP 0.865821
GHS 13.067895
GIP 0.865821
GMD 87.70765
GNF 10498.001207
GTQ 9.178126
GYD 250.254403
HKD 9.315604
HNL 31.597639
HRK 7.540838
HTG 156.807821
HUF 381.264314
IDR 20023.868432
ILS 3.681565
IMP 0.865821
INR 109.70767
IQD 1563.749454
IRR 50265.506279
ISK 145.027398
JEP 0.865821
JMD 187.696961
JOD 0.846036
JPY 183.553496
KES 154.250804
KGS 104.349672
KHR 4801.014384
KMF 491.617467
KPW 1074.001913
KRW 1714.128315
KWD 0.365981
KYD 0.996775
KZT 600.868221
LAK 25678.663363
LBP 107122.636637
LKR 370.091721
LRD 221.344446
LSL 18.781995
LTL 3.523347
LVL 0.721783
LYD 7.487624
MAD 10.8345
MDL 20.12057
MGA 5321.878904
MKD 61.653933
MMK 2506.310149
MNT 4256.181546
MOP 9.616435
MRU 47.574622
MUR 54.20887
MVR 18.435607
MWK 2072.668697
MXN 20.600147
MYR 4.698762
MZN 76.069502
NAD 18.865481
NGN 1659.806193
NIO 43.189568
NOK 11.43188
NPR 176.109616
NZD 1.971279
OMR 0.458799
PAB 1.196155
PEN 3.989617
PGK 5.083822
PHP 70.236878
PKR 333.900229
PLN 4.209046
PYG 8027.167678
QAR 4.344732
RON 5.098262
RSD 117.403788
RUB 89.791784
RWF 1733.190447
SAR 4.47538
SBD 9.615301
SCR 17.094249
SDG 717.748765
SEK 10.549557
SGD 1.511223
SHP 0.895244
SLE 29.085359
SLL 25021.780252
SOS 681.970209
SRD 45.34754
STD 24697.792058
STN 24.610708
SVC 10.466336
SYP 13196.79832
SZL 18.849358
THB 37.471506
TJS 11.172143
TMT 4.188295
TND 3.373606
TOP 2.873051
TRY 51.903114
TTD 8.118705
TWD 37.455406
TZS 3036.811959
UAH 51.195332
UGX 4255.17589
USD 1.193246
UYU 45.264869
UZS 14555.155623
VES 437.738577
VND 30910.452286
VUV 142.675312
WST 3.241825
XAF 656.725554
XAG 0.010797
XAU 0.00023
XCD 3.224808
XCG 2.155741
XDR 0.816831
XOF 653.262056
XPF 119.331742
YER 284.471219
ZAR 18.895594
ZMK 10740.668787
ZMW 23.654963
ZWL 384.224865
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    1.3800

    83.78

    +1.65%

  • BCC

    -0.5500

    80.3

    -0.68%

  • RYCEF

    -0.0700

    16.88

    -0.41%

  • BCE

    0.2200

    25.49

    +0.86%

  • NGG

    0.3900

    85.07

    +0.46%

  • CMSC

    0.0100

    23.71

    +0.04%

  • RIO

    1.7600

    95.13

    +1.85%

  • CMSD

    0.0392

    24.09

    +0.16%

  • JRI

    -0.0500

    12.94

    -0.39%

  • VOD

    0.1400

    14.71

    +0.95%

  • RELX

    -1.2100

    36.17

    -3.35%

  • BTI

    0.0600

    60.22

    +0.1%

  • GSK

    0.5600

    50.66

    +1.11%

  • BP

    0.3400

    38.04

    +0.89%

  • AZN

    -0.6300

    92.59

    -0.68%

Swiss narrowly back hiking retirement age for women
Swiss narrowly back hiking retirement age for women / Photo: Fabrice COFFRINI - 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.

X.Wong--DT