Les retraites en Allemagne : une réforme exemplaire ?

The German pension reform of 2007, which raises the retirement age to 67, is often given as an example to France, quite forgetting that this reform is planned to be gradually implemented until 2029, and that a lot of workers retire before the legal age due to less severe pension reductions. Early retirement at 63 with a full pension, which was passed in 2014, reconsiders the 2007 law, although it is only reserved for workers with 45 years of pension insurance. Pension adequacy issues arise because the standard pension for 45 years of insurance at average wages is much higher as the actual pension payments. Facing demographic and financial constraints, Germany has adopted a sophisticated monitoring and pension calculation system, both supposed to secure the sustainability of the public pension system. But the scheduled cut of replacement rates related to a policy intended to promote private pension plans initiates a new paradigm for the pension system. These reforms, which cannot prevent the risk of poverty for an increasing number of retirees nor prevent a further increase in public pension expenditure, raise the question whether Germany can actually be an example.