Fight for pension: experts warn of impending poverty in old age!

Fight for pension: experts warn of impending poverty in old age!

Deutschland - The discussion about the future of statutory pension insurance in Germany increases in intensity. Thomas Soltau, a prominent critic of current pension policy, has struck sharp tones towards the statements of Federal Finance Minister Lars Klingbeil. Soltau described the planned investments as short -sighted and as election gifts that do not take the necessary long -term capital investments into account in order to create a solid basis for the future. His demand is clear: the state must strengthen the capital market through its own investments and the promotion of private provision in order to counteract impending poverty in old age. This reports Infranken .

The opinion of Soltau, however, is obtained from the SPD. This emphasizes that the prophecies have not occurred horror scenarios about the collapse of the statutory pension. The contribution rate is lower than originally predicted, which you can attribute to successful measures on the labor market. It should be emphasized that both older people and women are increasingly employed, which contributes to the stabilization of the pension system. The Federal Government also plans to stabilize old -age insurance for all generations sustainably and to secure the pension level by 2031 at 48 percent of the average earnings.

demographic challenges

Demographic development in Germany, however, represents a serious challenge. This leads to long -term financing problems of statutory pension insurance, as can be seen from further analyzes. While the birth rate remains low, life expectancy increases. This leads to an increase in pensioners in relation to the employed contribution payers. According to Deutschlandfunk now 61 percent of pensioners will now receive less than 1,200 euros per month, with a third even with less than 750 euros net.

The statutory pension insurance is financed in the levy procedure, which means that the current contribution payments of employed people finance the pensions of the current pensioners. The state bears around 30 percent of expenditure on tax funds, which makes up more than 25 percent of the federal budget. This dependence on tax funds is considered increasingly problematic by a large number of experts. The scientific advisory board of the Ministry of Economic Affairs warns of "shock -like rising financing problems" of the pension insurance, adapted to a changing demographic reality.

reform needs and social consequences

The problems mentioned by Soltau are not new. Peter Zilles von der Tafel Bayern pointed out that the increase in old -age poverty has been known for over 20 years, and expressed pessimistic about future developments, in particular, since the birth -strong vintages are now entering retirement age. These overwhelming worries about the poverty in old age and the financing of pension insurance urgently require a comprehensive reform that, like some politicians, should also include civil servants and self -employed.

Nevertheless, political decision -makers face a difficult task. The discussion about the increase in the retirement age and possible increases in pension contributions has gained sharpness in recent years. Older employees should be motivated by positive incentives for further professional activity, while at the same time there is the possibility that the VAT rate could be raised to 23 percent by 2030 to support pension insurance.

The current pension policy is in a complex area of ​​tension between the pressing needs of the pensioners and the long -term challenges of financing. It remains to be seen whether the federal government is implementing the necessary reforms to make the pension system future -proof. The coming years could be decisive for whether the legal pension can remain in the current form or whether profound changes are required.