Germany prepares to reform all three pension system pillars
The German government is targeting a comprehensive reform of all the three pension system pillars during what it considers a turning point in history – Zeitwende – with high inflation, possible recession, changes in economic policies and demographic pressures. Speaking at the Handelsblatt occupational pension forum in Berlin today, Florian Toncar, parliamentary state secretary at the Ministry of Finance, said that the government will strengthen the capital funded components in all three pension system pillars, with the first pillar having...
