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Hands off the pensions!(News)

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Vincent

Interior Minister Pascal Couchepin recently suggested that in order to "save" the state pension scheme, the retirement age should be raised from the current 65, to 67. The rise would take place in two stages--from 2015, it would increase to 66 and from 2025 to 67.

Moreover, he recommended that pension payouts to be linked to inflation rather than based on final salaries as at present.

Over 25,000 people protested against the proposals as they marched through the city centre waving banners that read "Hands off our pensions!" bringing traffic to a standstill.

"There's no motivation for us to work if we have to stay employed for longer and receive less pension money," said one woman, clearly referring to the suggestions put forward by the Couchepin.

"Pensions and...

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