, necessary beyond 2025. As the enacted savings rate target is conservative, individual pensions keep retirement income sufficient …In May 2001, Germany adopted a fundamental pension reform cutting back public pensions and introducing personal pension … moderate economic conditions. However, the new private pension plans provide scope for further downsizing state pensions …

nachfolgenden Generationen kaum akzeptieren: Zu Recht, denn die eigenen Renten wären dadurch im Umlageverfahren, in dem die Beiträge …

der dem Umlageverfahren zugrunde liegende Generationenvertrag der Überwindung einer Ineffizienz bei der Finanzierung der … Bildung dienen kann. Daher ist das Umlageverfahren zumindest potenziell geeignet alle Gesellschaftsmitglieder, einschließlich … introduction of child pensions promises efficiency gains for the statutory pension systems. Additionally, it is shown how child …

retirement benefit promises have been scaled down. A consequence of these reforms is that especially in countries with a tight … tax-benefit linkage, the retirement benefit claims of low-income workers might not even exceed the minimum income … people who have never worked or paid any contributions. However, the government defended the current retirement benefit …