Pension reform: Is a termination instead of partial retirement on the horizon?
There is an argument about retirement at 63. However, with hardly any notice, the government is also planning new rules for partial retirement - with far-reaching consequences.
In Düsseldorf, 13 of the 33 recommendations made by the Pension Commission have sparked controversy. The commission has proposed raising the age for an early retirement pension from 55 to 58 years old, and then making it coincide with the retirement age. This change aims to reduce incentives for early retirement, encouraging more older people to stay in the workforce.
However, the proposal has not gained much traction in public debate. Instead, discussions are focused on the planned abolition of the "no-claim early retirement" benefit (known colloquially as "pension at 63"). Similarly, plans for a new capital pension have caused a stir. The significant reduction in early retirement could have far-reaching consequences, as the current model allows for a substantially earlier retirement without significant financial penalties.
The model, which enables a more favorable retirement start, is widely used. What would the plans mean, and how might major discrepancies be avoided? Criticism of the plans has already begun, albeit cautiously. In the transformation of the industry, early retirement in the block model is deemed crucial to managing necessary adjustments in a socially acceptable manner, according to Barbara Resch, district leader at the trade union IG Metall in Baden-Württemberg.
She considers it "the most socially responsible tool we have in industrial transformation." She warns that scrapping this instrument could lead to "much harsher cuts."
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