Voting choice Baume-Schneider explains reasons for voting yes to pension fund reform

Switzerland is facing the next social policy vote with the pension fund reform. The reform is intended to secure pensions under the compulsory occupational pension scheme and improve pension benefits for people on low wages.

On Monday in Bern, Interior Minister Elisabeth Baume-Schneider presented the Federal Council's arguments for a Yes vote on the pension fund reform on September 22. The left is fighting the bill with a referendum.

In the eyes of the Federal Council, the reform is necessary to secure pensions from the second pillar despite the ageing population. The reform would also improve the retirement provision of people with low wages and part-time jobs. The Federal Council states that the majority of these are women.

Those who earn little are to receive more money from the occupational pension scheme after retirement - or a pension from the second pillar at all. For funds that offer the statutory minimum benefits or only a little more, the reform will provide a more solid financial basis, it writes.