New rules reversing reforms of Germany’s statutory pension system took effect on 1 July 2014. Some critics estimate that these more generous pension rules will cost an extra €10 billion over the next decade, and younger workers will have to fund them with little chance of receiving equally generous benefits when they retire.
Jochen Pimpertz IW-Policy Paper No. 13 3. December 2024
Agenda 2030 for pension policy: Guidelines for the 21st legislative period and beyond
In Germany, first cohorts of the baby boomer generation are about to enter regular or early retirement. This threatens a decline in labour supply on the one hand and an increase in expenditure for pensions, healthcare and long-term care on the other.
Andrea Hammermann / Jochen Pimpertz / Oliver Stettes Expertise 11. November 2024
Employment shortly before and after retirement
As a result of demographic trends, around a quarter of all employees in the mechanical engineering sector are expected to retire in the next ten years. This corresponds to more than 296,000 people.
Andrea Hammermann / Jochen Pimpertz / Oliver Stettes IW
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German Economic Institute (IW) 
