Child welfare set to be cut to help pension funding - News Summed Up

Child welfare set to be cut to help pension funding


This week, Switzerland’s parliament voted to eliminate child support payments paid to pensioners, reported SRF. To ensure pensioners receive child support, payments unrelated to employment were introduced. In addition, some pointed out that child support payments made to pensioners are significantly higher than those made to working parents. The challenges of funding the 8% pension increase voted in over the weekend were also used as an argument for the cut. From 2026, when the higher payments begin, an extra CHF 4 to 5 billion will be needed.


Source: Le News March 08, 2024 18:58 UTC



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