US EditionGermany Struggles with Pension System Reforms
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4 Articles
Bundestag decides by a clear majority on pension reform[more]]>
Germany struggles with pension system reforms
Only fifteen years ago, German pensions were considered secure. Reforms by the Social Democrats and the Greens in the early 2000s introduced instruments that were supposed to ensure the long-term stability of the system. However, political decisions in the years that followed gradually destabilized pensions. Today, after long negotiations, the CDU/CSU and SPD succeeded in passing a pension law in the Bundestag on the proposal of Labor Minister B…
Following the adoption of the pension reform package, calls for a restructuring of the social security system continue to grow louder. The German Employers' Association (BDA) expressed skepticism as to whether the planned pension commission could achieve any major breakthroughs: "The mistake has been made."
Following the German government's decision on the pension package, Federal Labor Minister Bärbel Bas (SPD) is calling for a more comprehensive, fundamental structural reform. "It won't be enough to just tweak a couple of things; we need a completely new system," Bas said on Friday evening on the ARD news program "Tagesthemen." Germany must look to other European countries that have "demonstrated" such reforms. Bas cited Sweden, the Netherlands, …
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