The concept is known colloquially as “retirement at 63”.
Apparently, however, it can no longer be financed - and Union politicians are now calling for consequences.
Union politicians are pressing for a radical reform of the statutory pension insurance.
Your focus: The deduction-free retirement after 45 years of contribution.
The Corona crisis * is also affecting pension payments this year.
Berlin - According to a report, the pension at 63 is on the brink - because the pension funds are threatened with massive money problems.
Politicians from the CDU * / CSU * are calling, among other things, for the retirement age to be linked to life expectancy, as the
Bild
newspaper reported, citing a new concept adopted by the SME Union (MIT) on Monday.
“When it comes to pensions, there must be no thinking bans,” it said in the paper.
Paper on the discount-free pension at the age of 63: "Introduction was a mistake"
According to the report, the Union politicians are calling for a subdued development of the pension increase and questioning the early, discount-free retirement for insured persons after 45 years of contributions.
"The introduction of the discount-free pension at 63 was a mistake, as it deprives the labor market of skilled workers and the pension insurance contributors," write the politicians.
Demographic change and its consequences are cited as the reason for the planned pension reform.
Anyone who had paid into the pension scheme for 45 years has been able to retire from the age of 63 without any deductions.
CDU politician Jana Schimke pleads for course correction: "The pension is in danger"
"The pension is in danger," said CDU politician Jana Schimke of the newspaper.
"Serious pension policy" also means correcting wrong decisions in the past, "otherwise the pension fund threatens to go into difficulties".
The basis for the pension adjustment in Germany is primarily the wage development in the previous year.
There is good news, however: The Corona crisis * gives West German pensioners a zero round this year.
Due to the declining wage development, the pension should actually fall, which is prevented by the statutory pension guarantee.
More on the subject in the video: Pension increase fails in the west - mini increase in the east
This means that pensions in the West remain at their current level.
However, any pension increases will be halved in the following years until the need for compensation has been reduced.
In the east, due to the gradual adjustment, they will rise by 0.72 percent to 97.9 percent of the west level on July 1.
(frs with material from AFP)
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