Germany: Securing the Regular Retirement Age of 67 and Enabling Pension without Deductions after 45 Years of Work
Drucksachen, 2024-11-14, 11:00, 20/13762
Summary:
The German Bundestag is considering a motion to secure the regular retirement age of 67 and enable pension without deductions after 45 years of work. The motion aims to guarantee long-term financial stability for the statutory pension system and ensure fair conditions for retirees.
Background:
The regular retirement age in Germany has gradually increased from 65 to 67 over the past few decades. This change was implemented to address demographic challenges, including a declining birth rate and an aging population. The motion seeks to maintain this retirement age to ensure the sustainability of the pension system.
Details of the Motion:
The motion calls for the following measures:
- Securing the regular retirement age of 67 without exceptions
- Enabling pension without deductions for individuals who have contributed to the statutory pension system for at least 45 years
- Providing a transition period for those who have already reached retirement age or are close to it
Rationale:
The proponents of the motion argue that the regular retirement age of 67 is essential to guarantee the long-term financial stability of the pension system. By maintaining this age, the system can ensure that contributions from working generations are sufficient to cover the pensions of retirees.
Additionally, the motion aims to create a fairer system for retirees. By enabling pension without deductions after 45 years of work, those who have contributed significantly to the system would be rewarded with a full pension.
Impact:
If approved, the motion would have a significant impact on the German pension system. It would maintain the regular retirement age of 67, which could potentially delay retirement for some individuals. However, it would also provide a more flexible and equitable option for those who have worked for an extended period.
Conclusion:
The motion to secure the regular retirement age of 67 and enable pension without deductions after 45 years of work is a significant step towards ensuring the long-term sustainability and fairness of the German pension system. The Bundestag is expected to discuss and vote on the motion in the coming weeks.
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