Pension: DAS will completely change Germany – but it is necessary

Pension: DAS will completely change Germany – but it is necessary






01/19/2022 at 08:38

Demographic change is putting the pension system at risk – that’s why Germany is getting older

Demographic change is putting the pension system at risk – that’s why Germany is getting older

Demographic change is putting the pension system at risk.

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It is a fact that has not been clearly expressed under Chancellor Angela Merkel’s presidency, nor under the traffic light government. The future depends on pension So.

It is an important building block for the stability of the German pension system. It is about change that is perhaps inevitable in light of demographic change.

Retirement: This will radically change Germany – politicians don’t say it out loud

According to a survey conducted by the German Economic Institute (IW), the gap between people who are on the verge of retirement and new workers is growing. “This year, 300,000 more people will retire than enter the labor market,” IW economist Holger Schaefer explained.

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Retirement – more about statutory pension insurance:

  • Old age pension was introduced in Germany in 1891.
  • In 2020, there were more than 21 million pensioners in Germany.
  • The contribution rate to statutory retirement insurance is 18.6%.
  • Half of this is borne by the employee and the other half by the employer.

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By 2030, the labor market gap will add up to five million people as the baby boomers retire.

+++ Retirement: you have to do it on time – many people sleep +++

For example, in 2029, when about 1.4 million people will retire, those born in 2009 will enter the workforce. However, this is only half the number (736000) that IW calculated.

+++ Pensions: With this trend, pensions can increase significantly from 2022 +++

Retirement: Expert declares Germany needs ‘huge net immigration’

This is a big problem for the “pay-as-you-go” pension system. In order to counteract evolution, migration has to be increased exponentially. What is needed is a “massive net migration” of well-trained workers, which has not been achieved on the scale required.

Much of the potential has already been exhausted in the field of increasing labor force participation, for example by women. “My assessment is that both tools, namely immigration and increased labor force participation, will not be able to compensate for this demographic gap overall,” Schaefer said.


Professor at Marcus Lanz also explains: The migration of 1.5 million people is necessary every year

Economist Monica Schnitzer made a similar assessment last week. In the Marcus Lanz ZDF programme, the professor spoke about the fact that Germany needs 1.5 million people to immigrate each year. About one million people leave the country every year.

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Moderator Marcus Lanz was surprised. He had never heard this fact expressed so clearly from any politician in charge of the government.

Save the pension and reinvent Germany as an immigration country

So Germany has to change radically. It becomes more vibrant and diverse as an immigration country. A massive integration effort is required from the entire community. The alternative, however, would be the imminent collapse of the pension system.

(Likes with AFP)


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