Cuts for pensioners: CDU basic program divides with pension plans - financial expert warns of a lack of courage for a sufficient pension revolution

Cuts for pensioners: CDU basic program divides with pension plans - financial expert warns of a lack of courage for a sufficient pension revolution

According to a report by www.merkur.de,

The first CDU policy program since 2007 is divisive with its pension plans. Some people think the cuts for pensioners don't go far enough, others are dismissive.

The CDU's pension plans could have a significant impact on the financial sector. The CDU proposes that some Germans should work longer in the future and that the standard retirement age should be linked to life expectancy. In addition, private supplementary insurance should become compulsory for all pensioners. This could lead to people who cannot afford them receiving subsidies from the state.

The CDU's pension plans have sparked both approval and criticism. The Social Association of Germany categorically rejects the cuts for pensioners, while the German Economic Institute believes that the CDU does not have enough courage in its proposals to bring about a real pension revolution. Martin Werding, a member of the Federal Government's Council of Experts, also does not consider the CDU model to be sufficient to address the problems of demographic change.

Nevertheless, it is currently unlikely that pensioners will have to prepare for cuts in the near future, as the pension insurance has already rejected them. However, a 5-point plan from the Taxpayers' Association, which shows how it can save billions in the budget, does not reflect pension cuts. However, an example from a neighboring country shows how much money can be saved by making compromises on a particular pension.

Overall, the introduction of the CDU's pension plans is expected to have a significant impact on the financial industry and may lead to further discussions and adjustments.