Economists are calling for measures to save the statutory pension

Economists are calling for measures to save the statutory pension

According to a report by www.t-online.de, economists are calling for various measures to reform the statutory pension and make it future-proof. These include linking the retirement age to life expectancy, adjusting pension entitlements to income and equity-based pension provision.

The demands of economists are based on demographic change. Increasing life expectancy is putting greater strain on pension funds as pensions have to be paid for longer. The experts emphasize the need for a long-term adjustment of the pension system in order to increase the level of security and reduce the risk of poverty in old age.

Linking the retirement age to life expectancy has the potential to ease the burden on pension funds. The financing of statutory pensions could be improved through longer contribution payments and shorter pension drawing periods. However, this measure is unpopular and is currently being ruled out by the federal government.

The idea of ​​linking pension entitlements more closely to income aims to reduce the risk of poverty in old age. Low earners should receive higher pension entitlements, while high earners should receive disproportionately lower entitlements. This could lead to fairer redistribution within generations.

These reform proposals could contribute to a sustainable stabilization of the pension system in the long term. However, the demands of economists are controversial and require careful consideration of the social and economic impacts.