The China Mail - Swiss narrowly back hiking retirement age for women

USD -
AED 3.672985
AFN 71.498985
ALL 86.398115
AMD 389.46004
ANG 1.80229
AOA 914.999967
ARS 1201.994798
AUD 1.549583
AWG 1.8025
AZN 1.700395
BAM 1.722337
BBD 2.017172
BDT 121.386112
BGN 1.72827
BHD 0.376932
BIF 2930
BMD 1
BND 1.287658
BOB 6.918233
BRL 5.689104
BSD 0.999075
BTN 84.275461
BWP 13.565233
BYN 3.269517
BYR 19600
BZD 2.006781
CAD 1.382455
CDF 2873.000282
CHF 0.822995
CLF 0.02449
CLP 939.804929
CNY 7.27125
CNH 7.217179
COP 4296.75
CRC 505.305799
CUC 1
CUP 26.5
CVE 97.950269
CZK 22.023056
DJF 177.719851
DKK 6.59215
DOP 58.749977
DZD 132.442654
EGP 50.667701
ERN 15
ETB 131.0309
EUR 0.883475
FJD 2.258951
FKP 0.753297
GBP 0.752465
GEL 2.740224
GGP 0.753297
GHS 13.750248
GIP 0.753297
GMD 71.501945
GNF 8655.503764
GTQ 7.694069
GYD 209.017657
HKD 7.75035
HNL 25.849879
HRK 6.658599
HTG 130.527057
HUF 356.706977
IDR 16460
ILS 3.617203
IMP 0.753297
INR 84.55755
IQD 1310
IRR 42112.501836
ISK 129.74025
JEP 0.753297
JMD 158.460658
JOD 0.709301
JPY 143.880498
KES 129.292896
KGS 87.449961
KHR 4005.988288
KMF 434.499244
KPW 900
KRW 1385.205004
KWD 0.30672
KYD 0.832548
KZT 516.762802
LAK 21609.792612
LBP 89516.181586
LKR 299.27348
LRD 199.815068
LSL 18.435012
LTL 2.95274
LVL 0.60489
LYD 5.454626
MAD 9.216943
MDL 17.203998
MGA 4455.000268
MKD 54.364634
MMK 2099.564603
MNT 3572.990228
MOP 7.97543
MRU 39.655003
MUR 45.489865
MVR 15.402631
MWK 1737.00002
MXN 19.709504
MYR 4.232011
MZN 63.950029
NAD 18.434975
NGN 1606.540254
NIO 36.760142
NOK 10.38958
NPR 134.840386
NZD 1.67444
OMR 0.385001
PAB 0.999075
PEN 3.662502
PGK 4.061991
PHP 55.632024
PKR 281.150147
PLN 3.773036
PYG 7985.557659
QAR 3.641022
RON 4.398702
RSD 103.702688
RUB 80.50042
RWF 1419
SAR 3.750707
SBD 8.368347
SCR 14.653047
SDG 600.528417
SEK 9.65862
SGD 1.294355
SHP 0.785843
SLE 22.749664
SLL 20969.483762
SOS 571.510995
SRD 36.850231
STD 20697.981008
SVC 8.742019
SYP 13001.866678
SZL 18.434983
THB 32.830146
TJS 10.390295
TMT 3.5
TND 2.997956
TOP 2.342104
TRY 38.605098
TTD 6.786139
TWD 30.2865
TZS 2697.496907
UAH 41.54172
UGX 3653.736075
UYU 41.92682
UZS 12939.999867
VES 88.61153
VND 25975
VUV 121.092427
WST 2.778524
XAF 577.655762
XAG 0.030272
XAU 0.000298
XCD 2.70255
XDR 0.72166
XOF 576.000074
XPF 105.849796
YER 244.550242
ZAR 18.28285
ZMK 9001.197472
ZMW 27.548765
ZWL 321.999592
  • RIO

    -0.1300

    59.57

    -0.22%

  • CMSC

    -0.0800

    22.02

    -0.36%

  • BTI

    0.5800

    43.75

    +1.33%

  • SCS

    -0.1700

    9.97

    -1.71%

  • BCC

    -3.6800

    92.47

    -3.98%

  • CMSD

    -0.0600

    22.26

    -0.27%

  • RBGPF

    66.2400

    66.24

    +100%

  • BCE

    -0.0600

    21.39

    -0.28%

  • JRI

    -0.0200

    13.05

    -0.15%

  • BP

    1.0600

    29.18

    +3.63%

  • NGG

    0.1600

    71.84

    +0.22%

  • RYCEF

    -0.0200

    10.4

    -0.19%

  • GSK

    -0.2200

    38.85

    -0.57%

  • AZN

    -0.3500

    72.09

    -0.49%

  • VOD

    -0.0100

    9.6

    -0.1%

  • RELX

    0.0200

    55.04

    +0.04%

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.

G.Tsang--ThChM