The next pension increase will be a little less than expected.
Pensioners are subsequently involved in the loss of wages for employees in the first year of the Corona crisis.
The reinstatement of the “catch-up factor” is little good news for the workers who finance their pensions with their contributions and taxes.
Unfortunately, it is the only step with which the future traffic light government intends to dampen the sharp rise in expenditure in the statutory pension insurance a little by requiring the elderly to make a contribution.
The pension chapter in the coalition agreement otherwise falls far short of the claims of an alliance that wants to “dare to make more progress”.
In terms of pension policy, the SPD, Greens and FDP don't dare.
Because the "partial funding", with which the younger generation is to be reassured, is financed politically comfortably through new debts.
For the time being, further burdens will be shifted to the younger ones.
If the new funded fund, like the Riester pension, flops because politicians are tightening the legal framework too tightly and fearfully, there is as little gain for the stability of the pension fund as for more “intergenerational equity”.
It would be negligent to base the balance of interests only on the hopeful value of red-green-yellow state-administered capital investments.
The question of how the pensions of the baby boomers can be financed without overloading the younger cohorts must finally be answered reliably by politicians today.
That will not work if it excludes important levers from the outset.
The traffic light promises a "permanent" guarantee of a pension level of at least 48 percent.
The trio do not want to talk about the retirement age either, although the expected increase in average life expectancy is likely to significantly increase the retirement age.
Foresighted countries therefore link the start of retirement to the development of life expectancy.
Still ruling out such a course for Germany is doubly blind, because it would both relieve the pension fund and counteract the shortage of skilled workers.