Germany: New retirement package
Expertise for Eurofound
German Economic Institute (IW)
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.
Sandra Vogel: Germany – New retirement package
Expertise for Eurofound
German Economic Institute (IW)
Abolition of the Additional Earnings Limit
The ageing population in Germany is increasing pressure on the social insurance systems and will (in the future) exacerbate the shortage of skilled labour.
IW
The Reform of Old-Age Pension Systems in Germany
Concerns about the risk of poverty in old age have prompted a multitude of reform proposals, most of which aim to introduce additional redistributive elements into Germany’s statutory pension scheme.
IW