Smaller reforms on pensions are needed, says Swiss minister

Interior Minister Elisabeth Baume-Schneider does not want to stick with the status quo after the resounding “No” to the pension fund reform on Sunday. Occupational pension provision must be adapted through small steps, she said. + Get the most important news from Switzerland in your inbox “We now have to set priorities,” Baume-Schneider told the media in Bern on the evening of Sunday's vote. Smaller reform steps are less complex, more transparent and could convince a majority. “We can see that major reforms are not successful.” For the federal government, the situation of people with low incomes is paramount. Many women will continue to receive only a small pension or none at all from the occupational pension scheme. The lowering of the entry threshold and the adjustment to the coordination deduction planned as part of the occupational pension reform have been dropped. These issues must be resolved soon. Challenges remain Baume-Schneider listed various possible reasons for the ...