[HIGHLIGHTS] Minimum pension: Millions of Germans are facing the biggest social “problem of our time”

New figures show that despite years of contribution payments, millions of Germans are threatened with a meager pension in old age. Almost a third of full-time employees in Germany after 40 years of work receive a pension of less than 1,100 euros net per month.

“Germany is heading towards a pension catastrophe, that is socially explosive,” said Sahra Wagenknecht, leader of the new Sahra. WagenKnecht alliance. Federal Labor Minister Hubertus Heil (SPD) is currently planning the new pension package II.