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Cosa initiative

The people's initiative "National Bank profits for the Old Age and Survivors' Insurance Fund (AHV/AVS)", better known as the Cosa initiative, which was put to the vote on 24 September 2006, demanded that the National Bank's future profits be allocated to the AHV/AVS. Both the Federal Council and the Swiss Parliament rejected the initiative, as did the Swiss National Bank.

Press releases

Statement on the outcome of the vote held on 24 September 2006
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For information regarding SNB-specific aspects of the initiative and the SNB's reasons for rejecting it, please consult the factsheets (available in German and French only).