Old-age provision - it looks a lot different in Sweden than it is in this country.
The debate about the better pension model is still ongoing.
Three pillars - less worries?
It is not the first time that some Germans look (sometimes jealously, sometimes extremely critical) of the
Swedish
pension system
.
There is the
pension *
consists of three parts: There is a
state basic pension
, plus the
company pension
and, in addition, the
private pension scheme
.
Employees there would have to pay 16 percent of their gross income into the state pension system, according to a report on Focus Online (as of October 2019) - it is
pay-as-you-go
like the statutory German pension scheme
.
In addition, 2.5 percent would “compulsorily” flow into old-age provision funds as private old-age provision, which works according to the funded system.
In other words, a capital stock is being built up.
The idea behind this, the report goes on to say, is that regular income such as dividends finance the monthly payments - and ideally the capital stock remains untouched.
Would such a (similar) model also be conceivable in Germany?
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Pension system in Sweden - similar model conceivable in Germany?
In Germany, a model called "
Germany pension
" was discussed
a few years ago
.
A current post on tagesschau.de takes up the topic again and describes it as the concept developed at the time "by the economists Knabe and Weimann and the Hessian state government" Since it is possible to deselect the pension at any time, personal freedom of choice is not impaired, "the article quotes Knabe and Weimann. In other words: employees pay into a
savings plan
- unless they explicitly object.
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The debate about the "Deutschlandrente" is not new
How could a so-called
Germany
pension work?
In a report on Welt.de from 2019, the proposals that were much discussed under this name a few years ago were explained, among other things, as follows: According to the idea behind it, Germany could also create a state fund, and every employee who does not explicitly object would one Pay part of his wages into it, so the thought.
The fund would be managed by Deutsche Rentenversicherung - at cost price with no intention of making a profit - so the costs would be extremely low.
The state would also guarantee the payment.
As is well known, nothing has come of this idea to this day.
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Pension debate - criticism of the "nudging" concept
Because there are definitely critics, according to the current report on tagesschau.de, which, with a view to the
pension debate,
recalls the “nudging” concept developed by Nobel
Prize winner
Richard Thaler, according to which a small change can often make a big difference.
The US behavioral economist turned 75 on September 12.
With regard to private old-age provision, however, his concept of "nudging" could be more topical than ever when it comes to poking something new, so the tenor of the article entitled “A little nudge for a larger pension” .
There has never been such a great change in the pension model.
Quite a few would see it as patronizing the citizen, it says in the article .. (
ahu) * merkur.de is part of the nationwide Ippen digital editorial network.
Sources: Focus, de; boerse.ard.de; Welt.de
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List of rubric lists: © dpa / Monika Skolimowska
