Referendum on the adjustment of the minimum conversion rate in 2010

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In the referendum on the adjustment of the minimum conversion rate , the Swiss voters voted on March 7, 2010 to amend the federal law on occupational old-age, survivors' and disability benefits . This was approved by both councils ( National Council and Council of States ) on December 19, 2008 and provided for a reduction in the minimum conversion rate from 6.8% to 6.4% in 2016. Trade unions, left-wing parties and the Swiss Democrats have held a referendum against this change . The 72.7% of the electorate clearly opposed this change.

Opponents of the change had collected 122,757 signatures by May 6, 2009, as they see the lowering of the minimum conversion rate as a "pension theft". The pension funds had done good business with the pensions and pocketed billions of francs for profits and administrative costs, according to the referendum committee in the “Voting Book”. The trade unions (above all the Unia ), SP , the Greens and individual cantonal parties of the bourgeois parties rejected the reduction.

The Federal Council and its supporters saw the change in the minimum conversion rate as a necessity, as the financial stability of the 2nd pillar was threatened. If there was no reduction, future pensions could only be paid through higher contributions from the active population.

Results

Canton Yes (%) No (%) Participation (%)
Kanton AargauKanton Aargau Aargau 73.8 26.2 41.6
Canton of Appenzell AusserrhodenCanton of Appenzell Ausserrhoden Appenzell Ausserrhoden 69.8 30.2 46.7
Canton of Appenzell InnerrhodenCanton of Appenzell Innerrhoden Appenzell Innerrhoden 72.6 27.4 36.8
Canton of Basel-CountryCanton of Basel-Country Basel-Country 79.8 20.2 44.0
Canton of Basel-StadtCanton of Basel-Stadt Basel city 76.9 23.1 49.9
Canton BernCanton Bern Bern 75.4 24.6 41.9
Canton of FriborgCanton of Friborg Freiburg 79.8 20.2 48.5
Canton of GenevaCanton of Geneva Geneva 88.0 12.0 49.1
Canton of GlarusCanton of Glarus Glarus 72.4 27.6 41.6
canton of Grisonscanton of Grisons Grisons 70.6 29.4 39.1
Canton of JuraCanton of Jura law 77.3 22.7 44.6
Canton lucerneCanton lucerne Lucerne 75.2 24.8 44.4
Canton of NeuchâtelCanton of Neuchâtel Neuchâtel 82.4 17.6 49.8
Canton of NidwaldenCanton of Nidwalden Nidwalden 74.8 25.2 56.5
Canton of ObwaldenCanton of Obwalden Obwalden 70.0 30.0 56.3
Canton of SchaffhausenCanton of Schaffhausen Schaffhausen 67.9 32.1 61.5
Canton of SchwyzCanton of Schwyz Schwyz 67.0 33.0 46.3
Canton of SolothurnCanton of Solothurn Solothurn 73.5 26.5 43.9
Canton of St. GallenCanton of St. Gallen St. Gallen 73.8 26.2 42.2
Canton of TicinoCanton of Ticino Ticino 77.7 22.3 42.8
Canton of ThurgauCanton of Thurgau Thurgau 73.1 26.9 45.0
Canton of UriCanton of Uri Uri 66.7 33.3 46.6
Canton of VaudCanton of Vaud Vaud 87.6 12.4 50.2
Canton of ValaisCanton of Valais Valais 72.7 27.3 53.2
Canton of ZugCanton of Zug train 75.7 24.3 49.1
Canton ZurichCanton Zurich Zurich 78.0 22.0 46.6
Federal coat of arms Swiss Confederation 77.2 22.8 43.9

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