(Pensions; 10-03; p.3)

In detail that means, from 2011 on to 2035 the
entitlement for payments will be cut by one month a year; hence
a pensioner in 2010 gets payments when he is sixty-five, in 2035
not before sixty-seven.

Besides, it has been suggested that at most
three years before the then legal standard age payments should
be possible.

For every month of payments in advance, there should be a reduction
of 0,3 percentage points on the respective payment. A pensioner,
leaving work at sixty-two in 2010, thus had a reduction of 10,8
per cent, as somebody in 2035, who however could not retire before
sixty-four.

Apart from times of mandatory contributions
to the pensions fund, now times of raising children and caring
for elderly or disabled family members should be counted in for
payments before the pensionable age.

If one comes in total to 45 years of work and work-similar times,
pensions could be paid five years in advance. However, the reductions
mentioned above would be applied, leaving one with a reduction
of 18 per cent, if one wants to retire five years in advance.

The first three regulations are rather a kind
of fine-tuning, depending on developments of the framework conditions,
quantitative changes are conceivable.

The fourth item, however, contains a qualitative moment, which
has not been proposed in this form yet. There were factors counting
in demography and sustainability for pensions’ payments, even
so there was no *"pensioners’ quota"*. Applying
this factor does not ask for the development of the population
inclusively migration movements, but leaves the economically relevant
core.

The rise of payments is so connected to the
share of employees to pensioners: if the figure of employees rises
and the figure of pensioners remains constant – if therefore more
people pay in –, the payments rise as well; if the ratio changes
to the disadvantage of employees – for whatever reason –, the
rise can become naught.

It should be mentioned in this respect that this pensioner’s quota
is but a single factor in the equation, if and to what extent
e.g. an adjustment to inflation will be given, remains independent
of that. (read on here)