The Debate on Pension Funding for the Public Service in Germany
The future of the existing old-age provision schemes has come more and more under discussion in Germany. Like many other European states our country faces considerable changes in the age structure of the population. The overall demographic development requires all old-age provision schemes to introduce reforms designed to contain costs.
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- 1.The result would not be any different if the pensions were funded from short-term budget surpluses, for instance from the sale of public enterprises. These could no longer be used to repay debts; the loss in interest which would not have to be paid is almost equivalent to the interest earned through the special assets.Google Scholar