Bert Rürup: The emerging imbalance in pension insurance is the result of conscious decisions
Behind pension policy measures often lie short-term, client-specific considerations. As a result, they often act like pro-cyclical economic policies. This is a mistake.
Germany's population ageing poses long-term challenges to its pension system. The government had already warned in 1968 of the consequences of a declining birth rate, including an ageing population and future strains on social security. Despite this, the issues persist, and past reforms, including those by Social Minister Norbert Blüm in the 1980s and subsequent adjustments to the retirement age, have aimed to address these challenges.
By the early 2010s, the pension system was considered prepared for the ageing trend expected from the mid-2020s to early 2040s.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
