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.
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Germany: New retirement package
Expertise for Eurofound
German Economic Institute (IW)
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Sandra Vogel: Germany – New retirement package
Expertise for Eurofound
German Economic Institute (IW)
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The Political Economy of Pension Reform
As the German population ages, the country’s statutory pension scheme, which is financed on a pay-as-you-go basis, requires higher and higher contributions while the level of pensions is falling.
IW
Expenditures and Revenues in Germany’s Statutory Health Insurance
Almost annually recurring deficits in Germany’s statutory health insurance system have led to a steady rise in the contribution rate, a percentage of earned income.
IW