According to IW boss Michael Hüther, increasing the retirement age to 67 from 2030 is not sufficient.
He is critical of the promises made by the parties before the general election.
Cologne - "We will have to work more or longer": IW boss Michael Hüther is critical of retirement at 67.
In the
Focus
-
online
interview, he also called the current actions of the parties "irresponsible".
The reason, in his opinion: “Mind you, by 2030 we will lose three million employees.
Therefore, the security level until 2025 is pure booth magic. "
The economist cites the increase in the average age in companies as evidence of the “urgent need for action”.
“The retirement age will be defined by 2030, when 67 will apply to everyone.
But that's not enough, ”believes Hüther.
In terms of labor mobilization and the annual volume of work, Germany is lagging behind compared to Sweden or Switzerland.
Retire at 67?
IW boss Hüther suggests equity funds instead
Instead, Hüther suggests that the German state borrow, for example, 500 billion euros on the capital market - and thus set up an action fund.
This is supposed to "cushion" the rising costs for pensions and care.
The economist is certain: "In this area, the aging process from 2040 to 2060 will have an impact on us."
The state could invest in this fund in “market-friendly” tranches of around 50 billion euros annually, said Hüther.
"And there is enough time, because the first payment should only be made in 20 years." The federal finance agency could manage the project, he suggests.
Private old-age provision: survey among Germans shows a clear trend
The parties are bringing a fund into play before the federal election in 2021.
The FDP, for example, wants to supplement private provision with a statutory share pension.
The Greens plead for the funded supplementary pension to replace the Riester pension with a publicly administered citizen fund.
The AfD wants to expand private pension provision through a state-run investment fund, which is to invest not only in stocks, but also in real estate.
Incidentally, more and more Germans are saving with the help of securities for old age.
One in four is currently investing money in stocks, funds, bonds and / or certificates.
This was the result of a survey by the polling institute
YouGov
on behalf of Dekabank at the beginning of September.
40 percent of those surveyed said they expected the level of the statutory pension to fall. 41 percent now assume that the retirement age will be increased even further, compared to 28 percent in 2020.
(frs)
