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Trouble over new pension package: One year group “is the last one not to be burdened”

2024-03-18T22:46:27.153Z

Highlights: Trouble over new pension package: One year group “is the last one not to be burdened”. As of: March 18, 2024, 11:36 p.m By: Mark Stoffers CommentsPressSplit The criticism of pension package II is growing and growing. Economic expert Monika Schnitzer has been one of the critical voices since Monday. In an interview with the Augsburger Allgemeine, she found clear words for the new pension concept of the traffic light coalition.



As of: March 18, 2024, 11:36 p.m

By: Mark Stoffers

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Press

Split

The criticism of pension package II is growing and growing.

Now another economy also reported to the traffic light coalition with clear words.

Augsburg - Since Labor Minister Hubertus Heil (SPD) and Finance Minister Christian Lindner (FDP) presented the new traffic light pension package last week, criticism of the new pension plans has increased.

New traffic light pension package: Economics Schnitzer sharply criticizes the pension concept

Economic expert Monika Schnitzer has been one of the critical voices since Monday.

In an interview with the

Augsburger Allgemeine,

she found clear words for the new pension concept of the traffic light coalition to reform the statutory pension.

“The reforms now proposed go in exactly the opposite direction,” complained the chairwoman of the Advisory Council for the Assessment of Overall Economic Development, which advises the federal government. “They are sticking to the retirement age and cementing the further increase in pensions with wage developments.

This puts a particular strain on the younger generation.” 

Traffic light's new pension package under criticism: Economics joins a colleague

This means that the economy is in exactly the same vein as its colleague Martin Werding, who recently calculated that a group will have to pay a lot for the new traffic light pension package.

Ultimately, the taxpayer pays for federal subsidies.

Employees’ pension contributions are set to increase from 2028.

The contribution then increases by 1.4 percentage points.

Monika Schnitzer, chairwoman of the Advisory Council for the Assessment of Overall Economic Development, sees the young generation in particular as being negatively affected by the new pension package.

© Bernd von Jutrczenka/dpa

However, those who retire beforehand are spared from the increase.

“The people born in 1960 are the last who will not be burdened,” said the economist of the

Süddeutsche Zeitung (SZ)

in reference to the increasing contributions that the new traffic light pension package inevitably provides for.

So in the end it depends on the younger people.

Because according to Werding's statement, “those who are starting to work now will be most heavily burdened.”

Werding once again emphasized his criticism on

ZDF .

“The intergenerational contract also includes making sure that the young are not put under too much strain.

And the government is not taking this part of the contract seriously now.”

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Criticism of the traffic light pension package II: Economics is struggling with pension increases

But Schnitzer didn't just leave her criticism alone, but in her pension message she presented a way in which the traffic light's pension package II could be implemented without putting an excessive burden on the younger generation.

“We need to work longer and save more for old age,” explained the economics in the newspaper.

“At the same time, pensions can no longer be increased as much as before.

This is the triad.

If we turn all three adjustment screws, we can secure pensions without placing too much of a burden on the younger generation.”

Stock pension in the new Ampel pension package: “Acquire your own pension rights”

In addition, the economist from Munich's Ludwig Maximilians University advocated that contributors invest part of their pension contributions themselves on the capital market, for example in stocks.

“In this way they would acquire their own pension rights with high returns.”

The federal government had previously announced that it wanted to finance part of the pensions in the future as stock pensions with the help of the capital market in the form of so-called generation capital.

The Labor Minister had also announced that instead of further increasing the statutory retirement age beyond 67, he wanted to focus on more flexible transitions into retirement.

Financial incentives are also intended to encourage voluntary, longer work in old age.

Heil announced that concrete proposals would be made in the summer. 

Critical voices against the traffic light's new pension package: officials are up in arms

Meanwhile, the first civil servants are also taking to the barricades against the traffic light's new pension package.

Finally, Heil is open to broadening the basis for statutory pension insurance, as is the case with pensions in Austria.

“In Germany we will also discuss how we can include other groups in the protection of the statutory pension insurance in the long term,” the SPD politician explained.

According to his ideas, like pensions in Austria, there would no longer be any pensions, which caused considerable dissatisfaction among the police union (GdP).

The GdP views Heil's proposal for a pension like in Austria in order to integrate civil servants into the pension insurance in the long term with open skepticism.

“The federal government is very well advised to strengthen pensions in Germany and at the same time preserve the pensions of us law enforcement officers,” said the GdP federal chairman Jochen Kopelke 

clearly at the

Editorial Network Germany (RND) .

Source: merkur

All news articles on 2024-03-18

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