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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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A Systematic Study of Neutrality in Pension Financing and in the Burdens and Incentives for Members of the Statutory Pension Scheme
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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Michael Hüther / Jochen Pimpertz IW-Policy Paper No. 6 6. October 2022

Asset accumulation for retirement provision

The pay-as-you-go statutory pension insurance is intended to protect workers in Germany from having to rely on tax-financed assistance in old age. However, due to the ageing of society the security level of the statutory pension insurance must decrease.

IW

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