Demographic change inevitably shifts the balance between contributors and recipients in the pension system. Moreover, in the German pension system benefit levels are closely linked to the current state of economic prosperity. Therefore, in the coming decades stabilisation of old-age security...

Die Öffentlichkeit unterliegt drei Irrtümern in Hinblick auf die gesetzliche Rente: Es wird behauptet, dass die Rente mit 67 rentenkürzend wirkt, dass die Renten im Osten Deutschlands geringer sind als im Westen, und dass eine Ausweitung der Beitragsbemessungsgrenze die Finanzierungsprobleme...

This article examines recent pension reforms in OECD countries. All countries are facing the challenge of designing both financially and socially sustainable pension policies in a context of weak economic growth, low financial returns and ageing populations. In some cases, countries have been...

The 2014 pension reform has three main components. First disability pensions have been increased by about two earnings points, an average monthly gain of 40 euros. In addition low wages in the four years preceding disability-related retirement will now be disregarded. However, since these new...