June 5, 2011 / 6:26 PM / in 8 years

Slovenians reject crucial pension reform

LJUBLJANA, June 5 (Reuters) - Slovenians rejected a gradual rise in the national retirement age at a referendum on Sunday, according to a preliminary partial result, the state electoral committee said.

The reform is seen as necessary for long-term budget stability and analysts said its rejection could lead to cuts in Slovenia’s credit ratings and possibly to early election.

According to the votes counted by 1817 GMT 72.2 percent of voters rejected the reform while only 27.8 percent endorsed it. (Reporting by Marja Novak; Editing by Jon Hemming)

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