The first plans for the state stock pension are in place. Now it is also clear: the additional pension support will be expensive.
Berlin – The German pension system is on unstable ground. The president of the Confederation of German Employers’ Associations (BDA) recently said in an interview with Bild also that the financing of the pension system is “on the verge of collapse”. To avoid this, the traffic light parties have already established in the coalition agreement plans on how to finance future pension payments.
Retirement: “Utilizing the return opportunities of the global capital market”
One point was a state stock pension. And this seems to finally take shape. of the Frankfurter Allgemeine Zeitung (FAZ) there is a concept paper from the Federal Ministry of Finance. Consequently, the “institutional requirements” for setting up the fund must be created through a legislative process in the first half of 2023. Finance Minister Christian Lindner (FDP) wants to raise ten billion euros for this.
In the coalition agreement, the traffic light parties had agreed to pay ten billion to statutory pension insurance as the fund’s share capital as a first step. According to the plans, the money should be “professionally managed by an independent public body” which should “invest it globally”.
The goal is “to use the return opportunities of the global capital market to better prepare the financing of statutory pension schemes for the challenges of the future,” said the DOES Friday (November 4) from the concept paper. The previously customary financing of the statutory pension through social contributions and taxes is thus complemented by a capital coverage component.
“Legal stock retirement is a key concern of Lindner”
According to the newspaper, the federal government must raise the ten billion euros through additional loans given the difficult budget situation. Since these are used for capital investments and not for current expenses, they fall outside the rules of the debt brake, the newspaper says.
“The statutory stock pension is a key concern of Federal Finance Minister Christian Lindner,” he says there DOES-Read report. “Entering capital coverage is an important step to make retirement more demographically compatible and to raise the pension level in the long run.” (ph / AFP)
