Many Germans are worried about their pension.
How will pension levels develop and what about contributions?
These are the factors that count.
Will the pension be enough in old age
?
Even younger people are asking themselves this question.
And the prognosis?
Three criteria are important.
Namely, how the
pension level
develops and how likely the contributions.
In addition, the question arises of what one can contribute personally.
Pension level: not optimistic about the future
Fewer
contributors
, more elderly people: It has long been apparent that the
pension fund has gotten
into a dilemma.
Since the “pill break” in the mid-1960s, the number of births in Germany has fallen dramatically.
The baby boomers in the coming years in
retirement
- at the same time the number of contributors continues to fall.
In 2020, there will be 36.6 retirees for every 100 potentially employed people, as BR Online reports, and in 2035 the old-age ratio will rise to 53.08.
The increase then slows down: “For the year 2060, an old-age ratio of 59.72 is expected,” writes the portal.
The situation will deteriorate more slowly from around 2035, but it will continue to deteriorate.
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The pension rises less quickly
As is
well known, the
German pension system
works according to the pay-as-you-go principle.
The principle of dynamization: if wages rise, pensions will also rise in the following year.
Despite the corona crisis, pensions have been increased by 3.45 percent in the west and by 4.2 percent in the east - since the beginning of July 2020,
pensioners can therefore look forward to more money
*
.
For the years thereafter, however, "
smaller increases
or even zero rounds" are foreseen, as it continues to be called on BR Online.
So when the economic consequences affect the pension insurance.
A decrease in the
pension payment amounts
will be prevented by the pension laws.
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How is the pension level developing?
How will the pension level develop?
In 1990 the
pension level was
according to the report at 55 percent, most recently it has fallen to 48.2 percent.
"According to current legislation, it should remain at this value roughly until 2025." Then, according to calculations by the federal government, it will probably shrink to 44.6 percent by 2033.
After all, writes the news portal,
according to the Federal Government
,
contributors to the statutory pension insurance
could
keep their “level of care” stable if they sign a contract for a state-sponsored Riester pension.
"According to this definition, the 'supply level' is the sum of the statutory pension and the Riester pension." Experts say that there are very different assessments of how the pension level will develop in the coming years and decades, according to the report.
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Forecast: pension contributions will increase
The experts agree, however, that the
contributions will increase in the coming years
, as there are fewer and fewer contributors and, at the same time, more retirees, the report goes on to say - how much cannot yet be estimated in concrete terms.
But.
“For 2020 the contribution rate was set at 18.6 percent.
According to the 'Commission for Reliable Intergenerational Contracts', an increase to a corridor between 20 and 24 percent of gross wages is to be expected. "
Source: BR.de
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