Financial expert analyzes Scholz's position on pensions: increase the retirement age or create better employment prospects?

Financial expert analyzes Scholz's position on pensions: increase the retirement age or create better employment prospects?

According to a report by www.fr.de,

Olaf Scholz rejects raising the retirement age and instead calls for better employment prospects for older job seekers. In a Heilbronner Stimme discussion, Chancellor Olaf Scholz spoke out against raising the retirement age, but emphasized that there would be no objections if someone wanted to continue working. He instead called for improving job prospects for people around the age of 58 or 62 who are looking for work.

The discussion about the retirement age has come into focus again as economists have suggested adjusting the retirement age to life expectancy. They propose a moderate increase of one year every 20 years starting in 2031. However, Federal Labor Minister Hubertus Heil also rejected the economists' suggestion and emphasized that the actual average entry age should be increased from the current 64.2 years.

In addition, it should be noted that the retirement age in Germany is already being gradually increased from 65 to 67 years. People born after 1964 have a normal retirement age of 67.

The rejection of an increase in the retirement age by Scholz and Heil as well as the gradual increase in the retirement age that is already underway could mean that pension policy in Germany remains conservative for the time being. A moderately increasing life expectancy. This could contribute to a stable planning basis for retirement provision and pension policy and minimize potential uncertainties.