Economist Martin Werding is to become a member

Economist Martin Werding

Mental father of the “share pension”.

(Photo: imago images/Jürgen Heinrich)

Berlin When Olaf Scholz, who was still an SPD candidate for chancellor at the time, verbally beat up the scientific advisory board at the Federal Ministry of Economics for his pension report in June 2021, Martin Werding could certainly feel that he was meant to be involved. And this despite the fact that the Bochum economist is not a member of the body being scolded.

But like the Advisory Board, Werding never tires of pointing out that pensions will not be financially viable in the long run if life expectancy continues to rise and the retirement age remains constant. Scholz did not fit such messages into the election campaign at the time. He would rather discuss with “real experts”, he grumbled.

But he will have to deal with Werding in the future. At the suggestion of the employer, the 58-year-old should move into the council of experts to replace Volker Wieland.

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