Pension at 63: Find out why access should only be possible for low earners.

Pension at 63: Find out why access should only be possible for low earners.

According to a report by www.mainpost.de,

The pension at 63 is once again the focus of discussions, as the economist Martin Werding demands that access to the pension at 63 should only be possible for low earners in the future. This proposal aims to restrict early retirement for long-term employees, especially those who have accumulated 35 years of insurance during their working life. Werding suggests that an early pension without deductions should only be available to insured persons who have earned less than 60 percent of the average salary of all insured persons per contribution year.

The impact of this restriction could be significant. First of all, this would mean that many employees who have already worked for 35 years and are therefore entitled to a pension at 63 would no longer be able to take advantage of this option if their income level is above 60 percent of average wages. This could lead to dissatisfaction and frustration among employees who rely on early retirement due to physically demanding jobs or health restrictions.

Furthermore, this could have an impact on the labor market and the shortage of skilled workers, as those who are actually still needed as skilled workers would no longer be able to retire. Focusing the pension at 63 on low earners would not only have individual consequences, but also economic effects.

It remains to be seen whether economist Martin Werding's suggestion or similar ideas from other economists and politicians will be implemented in the future. The discussion about retirement at 63 and its possible restrictions will certainly continue and possibly produce further proposals and measures.