Red alarm level: 1.4 million pensioners have to fight for survival despite work!

Red alarm level: 1.4 million pensioners have to fight for survival despite work!

Deutschland - In Germany, over 1.4 million pensioners are still active in working life. This alarming number, which was raised by the German Pension Insurance, is a clear warning signal. Almost 375,000 of these pensioners have even decided on an employment that goes beyond minor jobs, as [world] (https://www.welt.de/politik/deutschland/article25635224/dietmar-bartsch-dutliche-warnsignal-1-4-millions-rentin-in-in--wunde. Politically, this development is sharply criticized by Dietmar Bartsch, a budget politician of the left

The current Situation illustrates that many older people have to work, not because they want it, but because the legal pension is often not sufficient to ensure their livelihood. Review of the numbers makes it clear: a pension level of less than 50 percent, which is more than ten percentage points below the EU average, is considered worrying by Bartsch. Compared to countries such as Austria, the Netherlands and Denmark, where the pension level is over 80 percent, Germany cuts miserably.

The German pension market under pressure

The pension level in Germany is defined as a ratio between a standardized pension based on 45 years of contribution payment and the average income of the employees. This level is given as a net value before taxes, whereby social security contributions for health and long-term care insurance are deducted, as the German pension insurance explains. This regulation means that a falling pension level does not necessarily go hand in hand with falling pensions, because the statutory pension guarantee ensures that cuts are excluded. Nevertheless, the picture that shows this is anything but rosy.

The financial resources of the pension insurance mainly come from ongoing contributions and a federal subsidy. In order to finance the pensions in the future in the future, various reforms are necessary. The demographic development will be a special challenge: The number of pensioners will continue to increase in relation to the contributors in the coming years, which makes financing even more difficult.

A look into the future

Another point that is worrying for pension insurance: Germany's pension expenses, measured by the gross domestic product, one percentage point below the EU average. While other countries such as Greece or Italy have significantly higher expenses here, Germany is 11.6 percent at the lower border. Among other things, this means that the pension adjustment does not always follow the wealth of the population, even if the pension system aims to adapt them.

The standard age limit in Germany is currently 67 years and is gradually reached by 2030. The early pension entry is only possible under certain conditions or with discounts. These developments contribute to the fact that professional activity at the age of more and more people is perceived as a need.

The demand for a comprehensive pension reform, inspired by employment insurance in Austria, becomes louder. Bartsch advocates that everyone should deposit in this system, including MPs and the self -employed. The current developments clearly show that there is an urgent need for action and that politicians are required to find sustainable solutions.

The situation of the working pensioners has arrived in society - the question remains, how long before politics finally becomes active.