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International Business Times

Business

Nina LARSON

Swiss To Vote On Pensions, Retirement Age

Switzerland Social Security

The Swiss will vote on whether to pay a 13th month of pension payments (Credit: AFP)

Switzerland, with an ageing population facing an ever-swelling cost of living, is holding referendums Sunday on two initiatives which would reshape pensioners' lives in different ways.

A proposal to gradually raise the retirement age from 65 to 66 looks set to fail, but a second proposal seeking to boost pension payments could squeak through.

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