this post was submitted on 03 Mar 2024
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Europe
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This is the best summary I could come up with:
Swiss voters have given themselves an extra month's pension each year - in a nationwide referendum focusing on living standards for the elderly.
The proposal to increase pensions came from the trades unions - but was opposed by the Swiss government, parliament, and business leaders, who argued it was unaffordable.
This time they said enough was enough, using the power that Switzerland's system of direct democracy gives them to vote themselves an extra month's pension each year.
The result was described as a "historic victory for retirees" by Avivo, a Swiss association that defends the rights of current and future pensioners.
The move brings the state pension into line with Switzerland's salary system, which is also paid in 13 instalments, meaning workers get a double payment in November.
Voters, though, looking at Switzerland booming economy, whose success is in large part thanks to their hard work, clearly believe their country can afford it.
The original article contains 426 words, the summary contains 153 words. Saved 64%. I'm a bot and I'm open source!