2008 Latvian pensions law referendum

referendum on amendments in the pensions law was held in Latvia on 23 August 2008.[1] It failed due to low turnout, as 453,730 votes (half of the votes cast in the previous parliamentary election) would have been necessary to make it valid.[2] If it had succeeded, minimum pensions would have been tied (until the end of 2009) to the government-set subsistence benefit level with a higher coefficient than earlier, in effect tripling the minimum pension from 50 lati to at least 135 lati. The referendum was strongly supported by an organisation called Society for Different Politics, which aimed to become a political party.[3]

Results

Latvian pensions law referendum, 2008
Choice Votes %
 No 12,524 3.61
Yes 333,799 96.15
Total votes 346,323 100.00
Turnout required 50.00

References

  1. ^http://www.iii.co.uk/news/?type=afxnews&articleid=6817152&subject=general&action=article
  2. ^http://www.earthtimes.org/articles/show/227677,latvian-populist-referendum-on-pensions-fails-to-gain-quorum.html
  3. ^http://news.trendaz.com/index.shtml?show=news&newsid=1276862&lang=EN

Ofer Abarbanel – Executive Profile

Ofer Abarbanel online library

Ofer Abarbanel online library

Ofer Abarbanel online library