Centro de Documentación de Fundación MAPFRE - 15 years of pension reform in Germany : old successes and new threats

MAP20090093607

15 years of pension reform in Germany : old successes and new threats / Holger Bonin

Sumario: The article suerveys the state of the German pension system after a sequence of reforms aimed at achieving long-term sustainability. Authors argue that the latest reforms have moved pension provision in Germany in principle froma a defined benefit to a defined contribution scheme, and that this move has stabilised pension finances to a large extent. They argue that the real economy consequences of the global financial crisis create threats to the core success factors of the reforms - cutting pension levels and raising mandatory pension age. Finally the article discusses further possible reform measures, including the option to install a fourth pillar, providing income in retirement through working after pension age

En: Geneva papers on risk and insurance : issues and practice. - Geneva : The Geneva Association, 1976- = ISSN 1018-5895. - 01/10/2009 Tomo 34 Número 4 - 2009 , p. 548-560

1. Planes de pensiones . 2. Reforma financiera . 3. Política económica . 4. Crisis financiera . 5. Medidas . 6. Alemania .