Latvian pensions law referendum, 2008
Encyclopedia
A referendum on amendments in the pensions law was held in Latvia
on 23 August 2008. 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. If it had succeeded, minimum pensions would have been tied (until 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.
Latvia
Latvia , officially the Republic of Latvia , is a country in the Baltic region of Northern Europe. It is bordered to the north by Estonia , to the south by Lithuania , to the east by the Russian Federation , to the southeast by Belarus and shares maritime borders to the west with Sweden...
on 23 August 2008. 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. If it had succeeded, minimum pensions would have been tied (until 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
Latvian lats
The lats is the currency of Latvia. It is abbreviated as Ls. The lats is sub-divided into 100 santīmi ....
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.