PRESS STATEMENT Retirement at 70 means pension cuts for young people

“If the preliminary reports prove to be accurate, the fears regarding the Pension Commission will be confirmed: Instead of a reform based on solidarity, we face the dismantling of the statutory pension system, with severe consequences for both young and old.

Retirement at 70 is unrealistic. A higher statutory retirement age means reduced pensions. The younger generation, in particular, would have to pay the price with personal pension cuts.

An aging society poses a challenge to the pension system. People need security and a financially stable statutory pension as the most important and valuable pillar for a dignified life in old age.

Cuts will not help the system; rather, it needs a strengthening of the solidarity-based community and a fair distribution of societal costs. What is needed is a solidarity-based mix of taxes and contributions.

Our answer is employment-based insurance. Everyone joins the solidarity-based system, everyone pays contributions, and everyone receives benefits, thereby stabilizing the statutory pension system.”

Further information and press photos of Hans-Jürgen Urban