Bundesbank monthly report: When insured persons retire and how deductions and surcharges could be structured | Forex Factory

  • Bundesbank monthly report: When insured persons retire and how deductions and surcharges could be structured

    From bundesbank.de

    Demographic trends are placing a heavy burden on the German labor market and government finances. The number of pensioners is increasing, while the number of people paying contributions is decreasing. The extent of this burden depends on how long people work in old age and when they retire: the higher the employment rate, the greater the growth potential. Furthermore, revenues from taxes and social security contributions are rising. This eases the burden on government finances and social security. The structure of the pension insurance system is particularly important in determining when people retire. The monthly ... (full story)

Added at 5:17am

  • Early, standard, late: when insurees retire and how pension benefit reductions and increases could be determined

    From publikationen.bundesbank.de

    The minimum retirement ages in the statutory pension insurance scheme have a decisive impact on when insurees choose to retire (see the section entitled “Minimum ages in the pension insurance scheme are a key factor in when insurees choose to retire ”). The statutory retirement age and the rules on pension entitlement when retiring early are important variables with respect to employment in old age. Longer working lives would counteract demographic developments and ease the burden on the labour market and government finances. The new Federal Government does not intend to change the rules on pension entitlement ... (full story)

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