Retirement at 63: Why economics insists on a higher hurdle for access.

Retirement at 63: Why economics insists on a higher hurdle for access.

According to a report by www.mainpost.de, there is a discussion about the future of pensions at 63. Economist Martin Werding demands that access to pensions at 63 should only be possible for low earners in the future. This proposal is met with different opinions from economists and politicians who have also spoken out.

Retiring at 63 has long been a controversial topic. Economist Martin Werding suggests that early retirement without deductions should only be available to people who have earned less than 60 percent of the average salary of all insured persons per contribution year. This measure would mean that the pension at 63 would only be available to low earners.

According to the report by the German Pension Insurance, more and more people are affected by retirement at 63, and around 30 percent of all new pension entrants are due to early retirement. The proposal to restrict access to this form of pension provision could therefore have a significant impact on the labor market and the financial sector.

The article also mentions that there are already different views on retirement at 63. In addition to Martin Werding, other economists and politicians also commented on the topic. The discussion about the future of retirement at 63 is far from over and could potentially lead to far-reaching changes in the labor market and the financial sector.