What's at stake in Switzerland's federal referendums on September 22nd?
Briefly

The Biodiversity Initiative calls for increased funding to preserve the country's biodiversity and ecosystems, obliging the government to protect nature, landscapes, and historic sites.
The pension reform seeks to decrease the second-pillar (LPP) pension, which is designed to allow pensioners to maintain their standard of living in retirement.
The second pillar requires contributions throughout employment; how much one receives upon retirement depends on their contributions and last salary.
Typically, the combined first and second pillar pensions equate to 60 to 70 percent of the final salary, with a third, voluntary pillar available for additional savings.
Read at www.thelocal.ch
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