2008 Latvian pensions law referendum explained

Are you in favor of the legislative project to amend the National Pensions Act?
Country:Latvia
Date:23 August 2008
Yes:333,799
No:12,524
Invalid:859
Electorate:1,516,097
Outcome:Proposal failed due to low voter turnout

A 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]

External links

Notes and References

  1. Web site: Interactive investor – the UK's number one flat-fee investment platform.
  2. Web site: Earth Times: Show/227677,latvian-populist-referendum-on-pensions-fails-to-gain-quorum.HTML. 2008-08-24. 2012-12-11. https://web.archive.org/web/20121211192939/http://www.earthtimes.org/articles/show/227677,latvian-populist-referendum-on-pensions-fails-to-gain-quorum.html. dead.
  3. http://news.trendaz.com/index.shtml?show=news&newsid=1276862&lang=EN{{Dead link|date=May 2020 |bot=InternetArchiveBot |fix-attempted=yes }}