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Swiss Back Plan to Work Longer, Lift VAT to Pay for Pensions (2)

Sept. 25, 2022, 4:03 PM

Swiss voters backed a plan to reform the state pension system, which includes women working longer and higher sales taxes.

The measure to increase the retirement age for women by a year was supported by 50.6% of voters, according to preliminary government results. A vote in favor of the move was expected based on predictions earlier this month.

A separate proposal to raise value-added tax and help fund the social security system received 55.1% of votes.

The reform moves the retirement age for women gradually to 65 years from 64, aligning with that of men. It also brings more flexibility. ...