PRESS STATEMENT The basic pension recognizes a lifetime of work

Jörg Hofmann: “Paying into the pension system for 35 years and then ending up on welfare in old age: That is a glaring injustice. The basic pension puts a stop to this injustice. The basic pension recognizes the lifetime achievements of hardworking people. The fact that women in particular benefit from this is more than fair: Those who raise children or care for family members should not be punished in old age with a meager pension. However, this does not eliminate the root cause of poverty in old age—namely, low wages. That’s where we need to start in order to ensure adequate pensions.”

Further information and press photos of Jörg Hofmann