MIL OSI Translation. Region: Germany / Deutschland –
Source: CDU CSU
October 28, 2020
The German pension system is improving in an international comparison
According to a current study by the management consultancy Mercer, the German pension system is rated positively in an international comparison of 39 countries and has improved from 13th to 11th place. The labor market and social policy spokesman for the CDU / CSU parliamentary group, Peter Weiß, explains:
“The study proves that the German pension system is far better than is often claimed in the media. In the overall rating of 67.3 points, Germany is just ahead of Switzerland (67.0 points) and Austria (52.1 points).
In particular, the integrity of the German pension system is rated very positively with 81.4 points. Nevertheless, the study gives recommendations on how the pension system can be further improved, namely through:
Supplementing the pay-as-you-go system with funded models
Increase in the minimum pension for low-income pensioners
Increase in participation rates in company pension schemes.
The German government, led by Angela Merkel, has already taken important steps here. The law on basic pensions will not only improve the pensions of long-term insured people with low pensions from 2021, but also create further incentives for building up a company pension.
In addition, constructive solutions are being worked on within the Union to further improve the sustainability of the German pension system.
After the pension insurance was in a desperate financial condition at the end of the red-green phase, the Union-led federal governments have since worked continuously to stabilize and strengthen the pension system. The study shows that we have had success with it and are on the right track. The Union stands for a reliable pension policy that puts the pension system on a solid footing. “
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.