this post was submitted on 03 Mar 2024
147 points (99.3% liked)
Europe
8324 readers
1 users here now
News/Interesting Stories/Beautiful Pictures from Europe ๐ช๐บ
(Current banner: Thunder mountain, Germany, ๐ฉ๐ช ) Feel free to post submissions for banner pictures
Rules
(This list is obviously incomplete, but it will get expanded when necessary)
- Be nice to each other (e.g. No direct insults against each other);
- No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
- No posts linking to mis-information funded by foreign states or billionaires.
Also check out !yurop@lemm.ee
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
As someone from the USA, I am curious how would this work? The bill mandates that payments go out, but if it is not tied to a specific source of income to compensate, and some hard year happens (maybe this upcoming one) and there are insufficient funds, what happens then?
Actually, the pension by redistribution โ which is concern by the vote โ has $56.57 billions in reserve. This money doesn't sleep. Switzerland is using it has an investment found.
But, the Confederation has already thought about how to finance. There are two main propositions. The first is employers will have to contribute more. The second is that employers and employees will contribute as well as a higher VAT.
I am still blown away by the part where the legislatures give a single damn about what the people want:-).
Plus, how 60% actually manages somehow to win:-P.
The legislature didn't, the unions together with the leftist political minority pushed for this after the centre and right parties dragged their feet and did nothing for decades.
Ahhhh... now that makes more sense. :-D