Switzerland. Initiative to overhaul mandatory occupational pensions launched
Pension benefits In a separate move, a people’s initiative has been launched to overhaul the mandatory occupational pension scheme. The campaigners, including mainly rightwing and centre-right politicians, want to introduce a flexible minimum interest rate on accumulated pension capital, scrapping the current rate fixed at 6.8%. The aim is to adapt pension benefits and the retirement age to general life expectancy in a bid to create a “sustainable and fair system”, according to the initiative committee. It has 18...