The Privatization of Social Security

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<title>Privatization of Social Security</title>
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<namePart>Biedenkopf, Kurt</namePart>
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<abstract>The social security system in Germany takes up about 32 per cent of GDP and the most important elements are the old age security and pension system. Combining the two, the pension system in the civil service and the general old age security system cost about DM 445 billion in 1997. The public health system requires costs roughly DM 150 billion. Thus, these three pillars absorb nearly DM 850 billion annually. The rest is scattered among a number of smaller transfer systems with most of them organized and structured by legislation and, therefore, part of the public social security system. What are the basic changes it as confronted with?</abstract>
<note type="statement of responsibility">by Kurt Biedenkopf</note>
<note>Speech the Prime Minister of Saxony, Germany, to the 25th General Assembly of the Geneva Association, Dresden, 25-27 June 1998</note>
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<topic>Seguridad Social</topic>
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<topic>Reforma de la Seguridad Social</topic>
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<topic>Sistemas de Seguridad Social</topic>
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<text>Vol. 24, nº 3 July 1999 ; p. 322-326</text>
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