Swiss Error Means $3.5 Billion Narrower Pension Fund Deficit
Pensions are a contentious topic in Switzerland, where a plebiscite earlier this year unexpectedly saw voters back an increase in pensions.
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Switzerland made a mistake in calculating its pension deficit that has left its retirement system with an unexpected boon.
The shortfall for the so-called AHV will now be about 4 billion francs ($4.7 billion) in 2033, down from more than 7 billion francs previously assumed, government officials said in a statement on Tuesday.