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End of early retirement – ​​expert advocates end of “retirement at 63”.


Highlights: End of early retirement – ​​expert advocates end of “retirement at 63”... As of: February 24, 2024, 5:12 a.m By: Ulrike Hagen, Sandra Sporer CommentsPressSplit A finance professor sees ‘retirement in 63’ as a ‘blatant injustice’ He calls for the abolition of early. retirement without deductions. In 2023, the number of applications for the so-called ‘pension at 63' rose to a record level.

As of: February 24, 2024, 5:12 a.m

By: Ulrike Hagen, Sandra Sporer




A finance professor sees “retirement at 63” as a “blatant injustice.”

He calls for the abolition of early retirement without deductions.

Freiburg – In 2023, the number of applications for the so-called “pension at 63” rose to a record level.

However, the great popularity of the deduction-free pension for those who have been insured for a particularly long time puts a lot of strain on pension funds and is therefore currently being increasingly criticized.

After Prof. Martin Werding, an economist, had already called for the abolition of the “pension at 63”, Bernd Raffelhüschen, finance professor at the University of Freiburg, now describes early retirement without discounts as a “blatant injustice”.

In an interview with



, he explains the necessary measures to remedy this.

Want to retire without any deductions at the age of 63?

This is currently still possible.

However, a finance professor sees this as unfair and is calling for an end to “retirement at 63”.

© imago images

Economist calls for an end to “pension at 63” – and describes it as a “subsidy for early retirement”

The debate about the German pension system is by no means new.

The focus is on “retirement at 63,” which has proven to be more successful than originally expected.

As a result, skilled workers in particular are increasingly retiring early.

According to reports from the German Pension Insurance (DRV), around 300,000 people will have taken advantage of the “pension at 63” in 2023 - a new high - and thus left working life early.

According to the DRV, around 30 percent of all retirees belong to this group.

The pension at 63 is a subsidy of early retirement by all other contributors.

Prof. Bernd Raffelhüschen, economist and generation researcher, University of Freiburg

Bernd Raffelhüschen, generation researcher and professor of economics, told



: “There's no question, the tax-free pension is incredibly attractive for anyone who can do the math.

But it is a subsidy of early retirement by all other contributors.”

The average employee in Germany retires at the age of 62: “That has nothing to do with 67, 65 or even 63,” says Raffelhüschen.

Finance professor appeals to politics

He demands a clear and concrete measure from the traffic light coalition: “To withdraw the possibility of a pension without deductions from the age of 65 in 2030”.

Raffelhüschen adds: “Nahles has only brought forward the Müntefering regulation to the entry age of 63!”

The tax-free pension is incredibly attractive for anyone who can do the math.

Prof. Bernd Raffelhüschen, Institute of Economics, University of Freiburg

Background information: In 2006, the then SPD Vice Chancellor and Social Minister Franz Müntefering pushed through the gradual introduction of pensions at 67 in the Federal Cabinet in order to ensure the “solidity of old-age security”.

Due to ongoing criticism from the SPD and trade unions about the pension at 67, his successor Andrea Nahles introduced the pension from 63 for “particularly long-term insured people”.

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“Pension at 63” is “unequal treatment at the expense of younger people”

Raffelhüschen criticizes this regulation as “unequal treatment at the expense of the younger age groups who have to pay for everyone else”.

The calculation simply doesn't add up: "If you leave earlier, you have to pay more, so that the deductions equal the total amount that the pension is used for longer," argues the economist.

Raffelhüschen emphasizes the need to make employment more attractive for older workers: “The largest reservoir we have in Germany are these older employees, the skilled workers in the baby boomer age group.”

The economist Werding does not consider the demand of the economist Werding to maintain the “pension at 63” for long-term employees with low income to be sensible: “The redistribution from rich to poor cannot take place via pensions”.

Raffelhüschen had previously called for a comprehensive reform of citizens' money and advocated foregoing cash payments in favor of benefits in kind “for those who do nothing”.

The editor wrote this article and then used an AI language model for optimization at his own discretion.

All information has been carefully checked.

Find out more about our AI principles here.

Source: merkur

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