The upcoming referendum in September poses a significant challenge for pension fund reform, with deliberate misinformation expected to be a key factor in shaping public opinion. The focus of the referendum is on reforming occupational pension provision through pension funds (BVG reform), rather than the AHV.
It’s important to remember that pension reforms do not create or destroy wealth directly, but rather alter its distribution. Lobbyists and the media often spin misleading narratives around these reforms, as seen in previous debates about retirement provisions.
The unions have launched a referendum against the reform, claiming that people will have to pay more for less pension. However, the reality is that there will be winners and losers, with a net balance of zero for the population as a whole. The Left is in favor of expanding the AHV and opposing the pension fund system due to its view on hidden redistributions.
One of the key aspects of the reform is the reduction of the statutory minimum conversion rate in the mandatory pension system, aiming to address the imbalance caused by high minimum requirements. The reform also includes changes to the wage base affected by deductions, offering better protection for low earners and part-time workers, but also leading to increased costs for employers and employees.
The referendum package has received mixed reactions from various sectors, with concerns raised about the costs and potential increase in redistribution. Supporters of the reform are keen to demonstrate that the pension fund system is adaptable and capable of development, despite recent expansions in the AHV. They argue that without these changes, many individuals would continue to face financial difficulties when they retire due to increasing healthcare costs and other expenses.
While critics argue that these changes may lead to higher contributions for both employers and employees, supporters believe that it’s necessary to ensure a more equitable distribution of wealth among all members of society. They emphasize that it’s not just about providing enough funding for pensions but also about addressing social justice issues related to retirement security.
Despite different opinions on this matter, there is no doubt that this upcoming referendum will be a significant challenge for both sides involved. It remains uncertain how voters will ultimately decide on this complex issue.
