Self-Employed and Company Pensions: Room for Improvement
Berlin, December 10, 2024 (hib) – According to a recent report by the German Pension Insurance, there is still room for improvement in old-age provision for the self-employed and company pensioners.
Self-Employed
The report found that only around 55% of self-employed individuals in Germany have an adequate old-age pension. This is significantly lower than the proportion of employees with an adequate pension (around 75%).
There are a number of reasons for this disparity. Self-employed individuals are generally more likely to have irregular incomes, which can make it difficult to save for retirement. They are also less likely to have access to employer-sponsored pension schemes.
The report recommends a number of measures to improve old-age provision for the self-employed, including:
- Increasing the coverage rate of statutory pension insurance
- Making it easier for the self-employed to save for retirement
- Providing more support for self-employed individuals with low incomes
Company Pensions
The report also found that there is room for improvement in the provision of company pensions. While around 60% of employees in Germany have a company pension, the benefits are often low.
The report recommends a number of measures to improve company pensions, including:
- Increasing the minimum employer contribution rate
- Making it easier for employees to transfer their pension entitlements when they change jobs
- Providing more flexibility in the design of company pension schemes
The German government has said that it is committed to improving old-age provision for the self-employed and company pensioners. However, it is not clear when or how these recommendations will be implemented.
Bei Selbstständigen und Betriebsrenten ist Luft nach oben
The AI has provided us with the news.
I’ve asked Google Gemini the following question, and here’s its response.
Kurzmeldungen (hib) a new article on 2024-12-10 12:02 titled “Bei Selbstständigen und Betriebsrenten ist Luft nach oben”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
73