PRESS STATEMENT A pension firewall against the financial market is necessary

Regarding the “traffic light” coalition’s plans for a “stock-based pension” or a “generational pension” as part of a new pension package, Hans-Jürgen Urban, executive board member of IG Metall, says:

“The planned cap on pension levels provides insured individuals with a degree of reliability and security. It is crucial that the federal government erects a firewall between the unpredictable financial markets and the pay-as-you-go pension system. A ‘stock pension’ or ‘generational pension’ must not become a risk to the earned entitlements of insured individuals.

It is important to have a value-preserving demographic reserve that contributes to the solidarity-based system and strengthens the pay-as-you-go system.”

Further information and press photos of Hans-Jürgen Urban