Die „Rente mit 63“: Wer sind die Begünstigten?: Was sind die Auswirkungen auf die Gesetzliche Rentenversicherung?

Surprisingly, Germany reduced with the so called „Rente mit 63“ („retirement at 63“) the earliest retirement age without adjustments for insured with an exceptionally long contribution history from 65 to 63. In this study, we identify the group of people benefiting from the „Rente mit 63“ using administrative data of the German statutory pension system and analyze the effects of the reform on the financial situation of the German pension system.Assuming that all eligible persons make full use of the new benefits we find that the beneficiaries of the reform have higher pension claims on average. They have spent significantly less than 45 years in contributory employment: men 38 years, women 35 years. The data show no evidence that the beneficiaries are more often ill than non-beneficiaries. In fact, the opposite is the case.The „Rente mit 63“ will lead to a higher contribution rate and a lower pension level. Since the effects on the contribution rate will be reduced by the adjustment rules of the general federal subsidy, all taxpayers will contribute to funding the reform.