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More Light or More Shadow? Critical Comments on Statutory Pension Performance Improvement Legislation

Author

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  • Eckart Bomsdorf

Abstract

In this article Eckart Bomsdorf, University of Köln, outlines his position on the German federal government’s statutory pension reform plans. In his opinion the reform bill has both positive aspects like, for example, the pension for reduced earnings capacity, and contradictory elements like the so-called pension at 63 years of age. The state pension fund’s full coffers are tempting the government to be overly generous. This overlooks the fact that the statutory pension insurance scheme will be subject to long-term burdens, and that the state pension fund ’s savings can only be spent once.

Suggested Citation

  • Eckart Bomsdorf, 2014. "More Light or More Shadow? Critical Comments on Statutory Pension Performance Improvement Legislation," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(09), pages 12-17, May.
    • Handle: RePEc:ces:ifosdt:v:67:y:2014:i:09:p:12-17
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    File URL: https://www.ifo.de/DocDL/ifosd_2014_09_3.pdf
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    More about this item

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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