Pension package II would be the “most expensive social law of the century,” warns BDA President Rainer Dulger. Dulger: It would be “unfair and unjust to spend 500 billion euros more on pensions over the next 20 years” The President of the German Pension Insurance, Gundula Roßbach, is currently not worried about the development of pension costs.

72 percent of German citizens do not believe that pensions are secure in Germany, according to a survey by the opinion research institute Insa.