2024-11-13 17:55:08
Economy

Rethinking Germany's Retirement Age Strategy

The Institute of the German Economy is advocating for significant changes to the retirement system to ensure long-term stability. It proposes raising the standard retirement age and abolishing the "retirement at 63" option. The goal is to encourage longer workforce participation, aligning retirement with increased life expectancy.

This call to action is in response to concerns about the sustainability of social security systems. The institute also opposes recent pension reforms, such as the SPD and Greens' Pension Package II, arguing for a more gradual approach to pension age increases. Economic experts and the Deutsche Rentenversicherung (DRV) share similar views, emphasizing the importance of adapting retirement policies to demographic changes.

Moreover, the DRV remains confident in its current operations, despite political uncertainties. With substantial reserves, they foresee no immediate need for contribution increases, although adjustments may be required by 2027. The ongoing debate also touches on the potential phase-out of benefits like the widow's pension, suggesting alternative reforms to optimize social spending.

These discussions highlight the urgent need for a balanced approach, ensuring economic stability while safeguarding the future of Germany's pension system.

Frankfurter Rundschau
13. November 2024 um 11:19

End of early retirement and later start: What experts demand for pensions

Politics
Economy
The Institute of the German Economy is calling for a later retirement in order to stabilize the social security systems. They want to raise the standard retirement age, abolish the "retirement at 63" and increase the deductions for earlier retirement. In addition, employees and companies are to be motivated to increase employment in old age. For this, social partners and politics have to counteract the "pension as a service" narrative. The institute rejects pension reforms such as Pension Pack..
tz
13. November 2024 um 11:19

End of early retirement and later start: What experts demand for pensions

Politics
Economy
The Institute of the German Economy is calling for a later retirement age in order to stabilize the social security systems. The traffic light coalition had proposals to promote work in old age, which are now facing the end. The institute also criticizes the SPD and Greens' plans for a guaranteed pension level.
Frankfurter Rundschau
13. November 2024 um 15:06

Widow's pension facing extinction? Suddenly the economic expert fuels the discussion in Germany

Politics
Economy
Economic expert Grimm calls for a review of the widow's pension; dampening the increase in social spending; reforms in the pension insurance system, such as linking the retirement age to life expectancy.
Tagesschau - Wirtschaft und Börsen-Nachrichten
13. November 2024 um 16:56

Retirement Security Pension Insurance Sees Ampel-Out Calmly

Politics
Economy
Finance
As of: November 13, 2024 5:56 PM The planned Pension Package II is facing an end after the failure of the Ampel coalition. What happens next, and what does the months-long power vacuum mean for retirement security? The German Pension Insurance is calm. The management of the German Pension Insurance (DRV) Bund sees no acute problems for its own work due to the end of the government coalition. The announced increase in pension benefits will come and the contributions could remain stable for the..
CW

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