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

Germany: New retirement package

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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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Expertise
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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How Couples Retire in Germany
Ruth Schüler IW-Trends No. 1 13. April 2023

How Couples Retire in Germany

For the statutory pension scheme to be financed sustainably on its current pay-as-you-go basis, as many people as possible need to stay at work until the standard retirement age.

IW

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Jochen Pimpertz IW-Trends No. 4 2. January 2023

„Actuarially Fair” Reductions in Early Retirees’ Pension Benefits

Calls for the reduction in state pension benefits for early retirees to reflect real insurance risks imply that early retirement need not involve any additional costs.

IW

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