The government-appointed pension commission today presented 33 recommendations for reforming the statutory pension insurance. These include linking the retirement age to life expectancy and introducing a new capital-funded pension.
The commission met 20 times, including one session from 8 a.m. to 11:51 p.m. The proposals include raising the regular retirement age after 2031, abolishing the pension from age 63, and introducing a mandatory capital-funded component in pension insurance.
Vice Chancellor Lars Klingbeil praised the report as the result of broad majorities among the 13 experts. He announced that the recommendations would be examined closely and discussed.
Economists such as Bert Rürup and Lars Feld rated the proposals positively. They see good elements for stabilizing the system but stressed that further measures are needed for the economic crisis.
