Lehren aus den Rentenreformen seit 1972

Thanks to the reform process between 1992 and 2007, Germany was in a very good position to master demographic change. These reforms were farsighted, stabilized the public pension system and significantly increased employment, the foundation of every old-age provision. The “Pension Package 2014†, however, is putting this position in jeopardy by focusing on the older generation at the expense of the young which needs more education and better health, areas in which Germany exhibits only mediocre performance. If a demography strat-egy wants to be farsighted, its core cannot be reductions in retirement age and similar ex-pensive steps backwards but will require investments into Germany’s youth.