A 2.5% pay increase for Swiss parliamentarians to compensate for inflation was rejected this week by the Council of States, Switzerland’s upper house or senate, reported SRF. On 31 May 2023, a 2.5% cost-of-living adjustment, which would have cost a total CHF 1.3 million a year, was rejected by a majority of State Councillors. Arguments against the pay rise were centred on setting an example in the face of the federal government’s negative financial situation. Earlier in the year, a 2.8% cost of living adjustment to state pensions was rejected in favour of a lower rise of 2.5%. Arguments for the rise were centred on the need to maintain real pay.

Source: Le News June 03, 2023 03:52 UTC