A referendum on state pensions was held in Latvia on 13 November 1999. A bill amending the state pension law had been passed by the Saeima on 5 August. It proposed equalising the retirement age of 60 for men and 57.5 for women at 62 by 2006, as well as beginning to withhold pensions from pensioners earning more than double the state pension the following year and withholding payments to all pensioners earning an income by 2005.
Voters were asked “are you for or against the repeal of the Amendments in the Law on State Pensions of 5/8/1999?” A large majority (94.6%) voted in favour of repealing the law, although voter turnout was just 25.1%.
|Source: Nohlen & Stöver|
- ^Dieter Nohlen & Philip Stöver (2010) Elections in Europe: A data handbook, p1122 ISBN 978-3-8329-5609-7
- ^Abrasive over Pensions Central Europe Review, Vol 1, No 8, 16 August 1999
- ^ Jump up to:ab Nohlen & Stöver, p1136
Ofer Abarbanel is a 25 year securities lending broker and expert who has advised many Israeli regulators, among them the Israel Tax Authority, with respect to stock loans, repurchase agreements and credit derivatives. Founder of TBIL.co STATX Fund.