More than 16 million people “riests”.
GroKo actually wanted to improve this model of pension provision - but not in 2021, according to a media report.
Topic
Riester pension
: Union and
The SPD * had
agreed to
reform
the model
in the coalition
agreement.
Now,
according to a media report,
the Ministry of Finance * under Chancellor candidate
Olaf Scholz has
stopped the project for the time being.
After the news, strong criticism came from the business world.
Berlin - The GroKo should
not want to promote
the reform of the
Riester pension
until further notice.
This is reported by the
picture
, referring to a Ministry of Finance paper that it claims to have available.
The
legislation in 2021
, the point missing thus.
According to the report, there are already sharp reactions.
Jörg Asmussen,
for example, called for
a
“Riester revolution”
from
General Association of the German Insurance Industry (GDV)
.
His criticisms:
Pensions: The points of a "Riester revolution"
The contracts are
"difficult to see through"
for private investors
.
"Our pension system is no longer in
equilibrium
!", Quoted
Bild
Asmussen.
The balance between the
state
pay-as-you-go system and
private
funding is missing.
Pensions: when will the Riester reform come?
Vendors urge Scholz & Co. to act
His proposed solution?
“A simpler, subsidized old-age provision with
more flexible guarantees
that combines security with opportunities on the capital market.
Then Riester has great potential, especially for
families, ”
says Asmussen.
Hans Joachim Reinke
, head of the Union Investment fund company,
is said to have written
a
“fire letter”
to Finance Minister
Olaf Scholz (SPD)
.
For more and more savers, the Riester pension would have two major shortcomings:
the
low interest rate
environment
the
providers
100 percent guarantee
on savings contributions
The latter guarantee should be reduced to
70 percent
, says
Reinke in the
picture
, who also wants to know that one in five of the more than 16 million Riester contracts is
“no longer saved”
.
The
2020 pension report
stated that around
66 percent
of employees were entitled to a supplementary pension from the company pension scheme or from a Riester pension.
It is also pointed out that
low-wage earners
in particular still do
not provide enough additional provisions for old age.
This mainly applies to
women
.
The social association
Diakonie
commented on the report as follows: It shows "that people who live on the edge of the subsistence level cannot make private provisions for old age".
(frs) * Merkur.de is part of the Ippen-Digital editorial network.