Pension reform in the waiting loop: Sustainability factor is missing!
Pension reform in the waiting loop: Sustainability factor is missing!
The sustainability factor, which was introduced in 2005 for the stable financing of the statutory pension insurance, remains inactive until further notice. Despite its anchoring in the law, the Federal Ministry of Labor and Social Affairs (BMAS), together with the Social Association of Germany (SOVD), has agreed on the ineffectiveness of the factor. This dampens the pension adjustment if the ratio between pensioners and contribution payers develops unfavorably. The SOVD has expressed concerns that it could be difficult to ensure both the pension level and the stability of the factor at the same time, while the stabilization of the pension level is aimed at by 2031 href = "https://www.infranken.de/ratgeber/karriere/rente-faktor-zur-ttrichen-lebt-im-gesetz- Sustainability-Sovd-Wunderlich-BMAS-Art-6226258" Class = "Source_1"> Infranken .
The suspension of the sustainability factor was decided in 2021 and applies until July 2025 to clearly secure the pension level at 48 percent of the average income. In the coalition agreement, the traffic light parties confirm that they basically want to stick to the sustainability factor, but without clear plans for immediate application. The pension adjustment formula currently takes into account other factors such as gross wages and contribution rate, so that the sustainability factor currently has no influence on the pension calculation as long as the stop line applies.
demographic challenges and pension system
Pension policy faces a significant dilemma: ensuring adequate livelihood in old age and the financial sustainability of the pension system. In particular, the baby boom generation, which will soon retire, brings challenges with it, while at the same time weaker vintages come into working life. The increasing life expectancy, which is also expected for the next few decades, must be incorporated into the pension planning, explains the .
The number of pensioners per contribution paying will increase significantly in the coming years, which could lead to higher social security contributions. The sustainability factor was originally introduced to distribute the financial burdens fairly. Despite the orientation values of the "double stop line", which ensures a pension level of at least 48 percent by 2025, it remains unclear how the demographic challenges can be mastered in the long term.
financial measures and reform approaches
Political proposals to cope with the pension problems include the introduction of a generation factor. This is intended to distribute the financial burden more transparently. There are also considerations to adapt the retirement age to the increasing life expectancy. Suggestions such as a 2-1 rule for the distribution of work and pension references are also up for debate. Flexible regulations for people with health restrictions should also be taken into account. The path to long -term financing of the pension system could only be paved through significant tax increases, such as wikipedia explained.
The coming years will be crucial for the design of German pension policy and the ensuring of fair and sustainable retirement provision for all generations.
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| Ort | InFranken, Deutschland |
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