For the first time, a popular initiative was accepted that fundamentally enhances the country's first pillar old-age pension insurance (AVS) by introducing a 13th pension payment. In an encouraging move, led by the Swiss Trade Union Federation (USS) and supported by women's and retirees' organizations, this initiative addresses the pressing issue of inflation that has hit pensioners hard. The adjustment mirrors the concept of a 13th monthly salary for workers and aims to provide a necessary boost to the living standards of current and future retirees, it represents an 8.3 % increase in their monthly pension.
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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.