With the view of the mountains and a higher standard of living in old age than in Germany, it is bearable.
(Photo: Unsplash)
Zurich, Stockholm, Berlin For Gundula Roßbach, the statutory pension in Germany has proven its worth. With its pay-as-you-go system – the contributors finance the remuneration of the current pensioners – they have proven to be “a stable pillar of old-age security” over the past 65 years, the President of the German Pension Insurance concluded on Wednesday. The pay-as-you-go system is supplemented by funded systems for company and private pension schemes.
The SPD, Greens and FDP are planning – if their coalition negotiations lead to success – also a reform of the pension system. So far it is known that they want to secure the minimum pension level of 48 percent without raising the retirement age beyond 67 years. In addition, partial funding is to be introduced in the statutory pension in order to stabilize the pension level and contribution rate. The traffic light partners also want to check whether the issue of a publicly managed fund is suitable as an effective and inexpensive private pension product.
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