The 2020 pension reform and the associated federal decision on additional financing of the AHV/AVS through an increase in value added tax were rejected in the referendum of 24 September 2017.
The Swiss electorate rejected the 2020 pension reform (provisional official end result) and the associated federal decree on the additional financing of the AHV through an increase in VAT (provisional official end result) in the referendum of 24 September 2017.
This means that the standard VAT rate will be reduced from the current 8% to 7.7% as of 1 January 2018. For a detailed discussion of the outcome of the vote and its consequences, see the article by Jeannette Bucher on ludwigpartner.blog of 24 September 2017.
All documents, the results and the Federal Council's media conference on the voting results are available here.
