Frankfurt. Germany should consider raising the retirement age to 69 years by 2060, from about 65 today, if you do not want to risk being unable to pay pensions in the future, the central bank said Monday.
the state pension system is healthy today, but will be under pressure when the “baby-boomers” (born around the 1960s generation) retire and fewer young workers to replace them, said the Bundesbank in a report.
Germany is scheduled to gradually raise the retirement age to 67 years by 2030.
the Bundesbank It believes that this increase will not be enough for the German government to maintain state pensions to the level that aims -of at least 43% of average- income from the 2050s onwards, due to increased life expectancy of the population.
to prevent too contributions rise or levels of pensions sink, the government should consider postponing the retirement age to 69 years to 2060, the central bank said.
“It is inevitable to make more changes to ensure financial sustainability (the state pension system),” the Bundesbank said in its monthly report. However, it is unlikely that the proposal will be addressed at the political level before the elections of 2017.
The spokesman for the German Executive, Steffen Seibert, said that “the German government defends retirement at 67, which is a sensible and necessary measure given the demographic development in Germany why implement it as we agreed.. step “
the Finance Minister Wolfgang Schaeuble, was criticized for his social democratic partners coalition in April when he proposed linking retirement age to life expectancy.
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