Stéphane Rossini resigns amid AVS miscalculation controversy and political fallout

Stéphane Rossini, the head of the AVS administration, is expected to resign due to controversy surrounding a major miscalculation related to the AHV pension system.

The Federal Social Insurance Office (FSIO) has admitted that it was aware of the error since May 2024, which has resulted in political consequences, including an appeal against the recent reform that raised the retirement age for women to 65, known as "AHV 21."

This appeal is currently awaiting a decision from the Swiss Federal Supreme Court. The situation escalated when Elisabeth Baume-Schneider, the Minister in Locarno, expressed surprise at the oversight and questioned how such a mistake could have occurred.

The miscalculation has brought attention to the financial stability of the AVS, which is reportedly better than previously estimated, raising concerns about the accuracy of deficit projections.

The implications of this error are significant, as it impacts ongoing discussions about the future of the pension system in Switzerland.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings