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Pension at the Limit: the Dams Break in the German Pension System
10 Articles
10 Articles
DECRYPTAGE - Former Prime Minister Gabriel Attal put on the table the idea of a universal system, where the starting age would no longer be the main component. An attempt to get rid of insoluble debates.
The model of German pension insurance is designed as a so-called snowball system. It lives on the fact that today's workers generate the pensions of the older generation. However, this no longer works.
The public pension system faces great challenges in many economies, marked by a delicate balance between the number of active workers and the growing population of pensioners.This demographic imbalance, accentuated by the low birth rate and the increase in life expectancy, places considerable stress on public finances.The equation is clear: fewer and fewer taxpayers are holding more beneficiaries.This reality has led to a constant debate among e…
LVZ - Leipziger Volkszeitung
rnd.deOfficials retire relatively early, receive high salaries and have an above-average life expectancy. The number of pensioners has been growing for years and the rising expenditures burden the budgets of the federal states - especially in the West.
Reading time 2 minutesIf you are at least 50 years old and it is likely that you will reach 35 waiting years until the earliest possible retirement, you can pay the German Pension Insurance (DRV) so-called compensation payments according to § 187a SGB VI – colloquially: "Buy pension points". This special form of voluntary contributions (§ 7 SGB VI) serves exclusively to compensate for early retirement pensions (0.3% per month; a maximum of 14.4%…
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