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Retirement at 70: CDU politician calls for longer working hours for everyone!
The debate about pension reform in Germany is increasing: CDU MP Reddig is calling for a pension at 70 to secure the system.
Retirement at 70: CDU politician calls for longer working hours for everyone!
The debate about retirement at 70 is gaining momentum and is causing heated discussions in politics. CDU MP Pascal Reddig is currently calling for pensioners to work longer in order to put pension entitlements on a sustainable basis. Again Giessener Anzeiger reports, Reddig highlights the need to distribute the burden more fairly across all generations. His call is clear, especially with regard to the upcoming reforms: a social majority for an increase in the retirement age is essential.
What is exciting is that the current retirement age will be gradually increased to 67 years by 2031. Reddig also supports Economics Minister Katherina Reiche's proposal to retire at 70, which could provoke mixed reactions among voters. His plans also include measures to make early retirement less attractive. This includes introducing higher pension deductions for early retirement. This is a significant step at a time when demographic shifts are becoming increasingly pressing.
Solutions for society as a whole
But what challenges do we face? The state pension is a crucial source of income for many people, and it has proven useful even in times of crisis. According to the Federal Agency for Civic Education One in four people receives a state pension or civil service pension - a clear sign of the importance of the pension system in Germany. With an old-age dependency ratio that could rise to over 50 percent by 2050, there is a skewed distribution of the workforce as fewer workers have to finance more pensions.
The need for a “sustainability factor” is also emphasized, which will be fully effective again from 2032. Reddig even suggests doubling this factor. In order to link pensions to inflation and no longer to wage developments in the future, a far-reaching restructuring would be necessary. The coalition plans to introduce a pension level limit of 48 percent by 2031.
Important reforms in view
The reform plans for 2026 are already on the agenda and envisage financing mothers' pensions with billions from the federal budget. The pressure for reform is high as pension provision in Europe is under pressure due to an aging society, declining birth rates and longer life expectancy. In many EU countries, including Germany, efforts are being made to increase employment rates among the older population.
The discussion about pensions is more than just political; it fundamentally affects the living conditions of many people in the future. Essentially, we all have to ask ourselves the question: How do we ensure social justice and the economic viability of the pension system for future generations? It is important to find a balance that takes into account the needs of both current and future pensioners.