Pension fund reform Swiss Federation of Trade Unions launches campaign against BVG reform
The Swiss Federation of Trade Unions launched a referendum campaign against the pension reform on Tuesday. According to the SGB, the current BVG reform ignores the financial situation of the pension funds and is completely out of date.
02.07.2024, 10:30
SDA
It therefore opposes the higher salary deductions and lower pensions, according to a press release issued by the Swiss Federation of Trade Unions (SGB) on Tuesday. The pension funds have achieved high returns in the last ten years and are "swimming in money". Nevertheless, there should be higher salary deductions and lower pensions." By lowering the conversion rate, the pension guarantee would fall by 12 percent while the BVG retirement assets would remain the same.
Given the current very good situation of the pension funds, it is time to grant an inflation adjustment on current pensions. According to the SGB, pensions have lost over 5% of their purchasing power in the last three years due to inflation. The BVG reform will be put to the vote on September 22.
