An Intergenerational Contract (18th – 19th century) is a dependency between different generations based on the assumption that future generations, in honouring the Contract, will provide a service to a generation that has previously done the same service to an older generation. The most common use of the term is in statutory pension insurance provisions and refers to the consensus to provide pension for the retired generations through payments made by the working generations.
YPA wants to adhere to the terms of this Intergenerational Contract. We genuinely are thankful for the fantastic and hard work our parents and (great-) grandparents achieved because Switzerland is currently a country filled with opportunities, world-class companies, solid institutions and outstanding infrastructure. Many thanks!
But this Intergenerational Contract is potentially at risk: there is a financial pressure on the people, aged between 25 and 45. Over the last few decades, swiss politicians have spread bounced cheques, which we need to pay.Every year, fewer people contribute to the AHV (= pension: „OAIS” – Swiss Old-age insurance system). A similar substantial redistribution from the younger generation to the older one, is seen in the BVG (= occupational pension). One tries to cover those financial gaps through major VAT increases.
In the next couple of years, this problem will continue to increase. The demographic structure of the society is no longer a pyramid but rather a Coco-Cola-bottle. Within the next few years, baby-boomers will retire en masse. At the same time, life expectation continues to increase: women have less children at an older age.
So far, politics have inadequately responded. Thus, YPA represents the interests of young and committed professionals from different industries, who do not consider themselves as „the young & restless ones“ neither just acquiesce what the Establishment prescribes. We are independent from any politically party, but we look to reduce the redistribution from our generation to the older one. The Intergenerational Contract should apply the reliable principle of subsidiarity – one of the greatest principles in the Swiss constitutional: the Community should only be held liable when self-help impossible is.
We are willing to work until age 67 and beyond, but we insist the older generation does the same. We are willing to save more money for our retirement, but this is only possible when we are relieved from excessive tax burden.
Furthermore, a lot of laws and regulations, which are guidelines for how to live and to work, were applicable in the age of Industrialisation, but are completely against the spirit of the current new digital era. We aspire for the next successful story like Google, Amazon or Apple to be written in Switzerland. Companies need thus as much creative freedom as possible in combination with technical, social and scientific innovation and the possibility to test new business models. Our professional environment needs to become more flexible, digital and feminine.