<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>In the coming years, the pension system in Germany will face financial challenges. The insurance within pension system must also be strengthened, especially given that the risk of old-age poverty has increased over the years. An effective basic pension that guarantees a minimum amount and is anchored in the pension system would be an important step in reducing poverty in old age. An effective basic pension is also an important prerequisite for implementing necessary pension reforms in Germany, such as increasing the retirement age or stronger (funded) private provision.</p>
</abstract>

In the coming years, the pension system in Germany will face financial challenges. The insurance within pension system must also be strengthened, especially given that the risk of old-age poverty has increased over the years. An effective basic pension that guarantees a minimum amount and is anchored in the pension system would be an important step in reducing poverty in old age. An effective basic pension is also an important prerequisite for implementing necessary pension reforms in Germany, such as increasing the retirement age or stronger (funded) private provision.

An Effective Minimum Pension Allows the Introduction of Necessary Pension Reforms

Wirtschaftsdienst

This work is licensed under the Creative Commons Attribution 4.0 International License.

Eine effektive Grundrente ermöglicht notwendige Rentenreformen

In the coming years, the pension system in Germany will face financial challenges. The insurance within pension system must also be strengthened, especially...

An Effective Minimum Pension Allows the Introduction of Necessary Pension Reforms

Published Online: Feb 22, 2024

Page range: 87 - 91

DOI: https://doi.org/10.2478/wd-2024-0029

© 2024 Peter Haan, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.