Linking retirement age to life expectancy proposed by Grimm
Veronika Grimm, an economic advisor, has put forth a series of proposals aimed at strengthening the pension system. Grimm supports the demand of Economics Minister Katherina Reiche for longer working lives, due to demographic changes and increased life expectancy.
Grimm does not advocate for a specific retirement age of 70, but warns against making wrong decisions on immigration. She suggests adjusting the retirement age to match life expectancy, a move she believes would strengthen the pension system.
One of Grimm's proposed solutions is the introduction of incentives to encourage people to retire later. She clarifies that such changes would not necessarily improve the sustainability of the pension system through more immigration.
Grimm also expresses concerns about including civil servants in the pension system. She does not support integrating civil servants into the pension system, citing the risk of highly qualified employees in ministries developing false solutions if this were to happen.
The economist further proposes that the base pension should not necessarily be tied to wages. Instead, she suggests increasing it with inflation rather than wages to avoid wrong decisions. Grimm also clarifies that immigrants also acquire pension claims.
Grimm's proposals aim to ensure the sustainability and robustness of the pension system. She reiterates that such changes would indeed strengthen the system, providing a secure future for retirees.
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