The Bundesbank's proposal to raise the age of retirement to almost 70 years is met with mixed reactions. The German Trade Union Confederation (DGB) criticized the idea. Already the increase from 65 to 67 years was "a mistake", said the DGB board member Annelie Buntenbach the New Osnabrücker Zeitung . "Those who work hard have a higher mortality risk than the average of those in employment, so those who raise the retirement age will freeze their pension for all these people."
The employers' association BDA, on the other hand, advocated that the statutory retirement age increase as life expectancy increases. "The life expectancy gained must also lead to a longer employment phase and not only mean an ever longer retirement," said BDA Chief Executive Steffen Kampeter the newspaper.
Also FDP Vice-fraction leader Michael Theurer welcomed the demand of the Bundesbank. It was "an important impetus in the debate on intergenerational fairness," he told the editorial network Germany. "A flexible retirement age would correct the large-scale coalition's failure to lower retirement age." Otherwise, the pension-financed pension will soon reach its limits.