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Die Aktienrente der Bundesregierung: Zielsetzung, Konzept, Gestaltungsfragen und Würdigungen

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  • Wagner Fred

    (Universität Leipzig, Versicherungsbetriebslehre, Gottschedstraße 12, 04109 Leipzig, Deutschland)

Abstract

The statutory pension insurance in Germany is facing a massive financing problem. The background are demographic developments with a clearly aging population and the concept of „current income financing” – meaning that a decreasing number of people of working age have to pay the pension for an increasing number of people of retirement age with their social security premiums. Likewise the federal government set “stop bars” as political objectives, according to which premiums shall not rise above a certain level, pensions not fall below a certain level and the retirement age not be increased. With this in mind, in order to stabilize the statutory pension insurance, the government is planning to introduce partial capital cover. Hence, the federal government is to provide credit-financed “generational capital” of initially EUR 10 billion, which is to be gradually increased in the following years in order to invest it in the global stock market. The revenues and surplusses are intended to dampen future increases in premiums or to reduce the annual federal grants – currently in triple digit billions of Euros – to the statutory pension insurance.

Suggested Citation

  • Wagner Fred, 2023. "Die Aktienrente der Bundesregierung: Zielsetzung, Konzept, Gestaltungsfragen und Würdigungen," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 72(1), pages 26-38, May.
    • Handle: RePEc:lus:zwipol:v:72:y:2023:i:1:p:26-38:n:7
    DOI: 10.1515/zfwp-2023-2004
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