It rarely makes sense to assess the success of a political measure too early.

This is especially true for those who are supposed to herald a real paradigm shift.

It took four years before the chemical industry became the first sector to agree to a social partner model for company pensions.

It was almost predictable that it would be this industry again.

When it comes to trying out good collective bargaining instruments that could make life easier for workers, the IG BCE union and the BAVC employers' association are bolder than others.

With the decision for the so-called Nahles pension, they will do well.

For employers, the risks of their engagement become a little more manageable, employees can hope for better returns on their retirement savings in times of high inflation.

It would be gratifying if this step could serve as a model for others.

Because with her reform, the former Federal Minister for Social Affairs, Andrea Nahles, has made the important second pillar of old-age provision fit for the future.

Unfortunately, you have to carry the tariff partners to hunt.