(de-news.net) – A share-based pension package is due to be formalized shortly, Federal Finance Minister Lindner (FDP) has announced. The initial concerns of the Greens, who form the so-called traffic light coalition alongside the SPD and FDP, have been dispelled, he explained.
The reform represents a pillar within the statutory pension insurance system which will be supported by the capital market. This means that money is invested in securities every year, so that the contribution figures can be reduced from the 30s onwards, thanks to the returns. This is meant to ensure that “the working population is not overburdened” by the pension fees, Lindner pointed out. This also means that the Federal Government will be able to reduce the pension subsidy, which forms a large part of the federal budget, in the interest of sustainability.