By James Mackenzie
BERLIN, June 23 (Reuters) - A commission appointed by German Chancellor Friedrich Merz has proposed a Swedish-style pension fund and a gradual increase in the retirement age to help stabilise the country's pension system as the population ages.
The commission's report, presented on Tuesday, will form the basis for a major overhaul of Germany's pension system which the government aims to agree in the coming weeks.
It called for establishing a fund modelled on the Swedish pension system, with mandatory contributions by workers and employers that would be invested in financial **** ets as a complement to the current pay-as-you-go system.
"The use of the capital market in the statutory pension scheme is perhaps the key factor in determining the long-term viability and stability of our pension system," Merz told a conference of the German BDI industry federation.
BERLIN, June 23 (Reuters) - A commission appointed by German Chancellor Friedrich Merz has proposed a Swedish-style pension fund and a gradual increase in the retirement age to help stabilise the country's pension system as the population ages.
The commission's report, presented on Tuesday, will form the basis for a major overhaul of Germany's pension system which the government aims to agree in the coming weeks.
It called for establishing a fund modelled on the Swedish pension system, with mandatory contributions by workers and employers that would be invested in financial **** ets as a complement to the current pay-as-you-go system.
"The use of the capital market in the statutory pension scheme is perhaps the key factor in determining the long-term viability and stability of our pension system," Merz told a conference of the German BDI industry federation.
1 month ago
