Press Statement IG Metall on Pension Package II: Workers Now Expect Swift Action

Christiane Benner, President of IG Metall:“The FDP must finally realize: Those who play games with social policy squander trust. Those who tamper with the statutory pension system jeopardize intergenerational solidarity. We are pleased that the Federal Minister of Labor has stood firm. Millions of workers and retirees now expect a swift legislative process free of squabbling.”

Hans-Jürgen Urban, IG Metall Executive Board member responsible for social policy:“Pension Package II halts the planned devaluation of pensions for another 15 years. This is an important milestone. But pension policy must not stand still: An appropriate pension target lies above the 48 percent mark. A fair distribution of the burden will only be achieved through an employment-based insurance system into which everyone contributes. That would certainly be better than speculating on lower contributions through the uncertain interest rate gamble of the “Generations Fund.”

Please also see ourpress release on Pension Package II.