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Sandra Vogel Expertise 9. April 2015 Germany: New retirement package
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New retirement package
Sandra Vogel Expertise 9. April 2015

Germany: New retirement package

Expertise for Eurofound

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German Economic Institute (IW) 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.

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New retirement package
Sandra Vogel Expertise 9. April 2015

Sandra Vogel: Germany – New retirement package

Expertise for Eurofound

Download PDF

German Economic Institute (IW) German Economic Institute (IW)

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More on the topic

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Should the State Pension Scheme Take Different Socio-demographic Backgrounds into Account?
Florian Blank / Johannes Geyer, Peter Haan, Maximilian Schaller / Jochen Pimpertz / Reinhold Thiede / Martin Werding IW-Trends No. 2 6. July 2022

Should the State Pension Scheme Take Different Socio-demographic Backgrounds into Account?

While German law stipulates a standard retirement age for all members of the public pension scheme, empirical studies have shown that life expectancy is unevenly distributed within the population, varying according to income level, professional status, ...

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Ruth Maria Schüler IW-Trends No. 1 9. March 2022

Pension Concerns in Germany: Determinants and Normative Implications

The level of statutory pensions for future generations is set to decline systematically. If future retirees are to maintain their standard of living, they will therefore need to supplement their statutory benefits with private and occupational pensions – a ...

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