Saturday, November 26, 2016

Andrea Nahles: Blüm and Riester criticize pension concept – TIME ONLINE

The planned pension reform, labour Minister Andrea Nahles (SPD), meets with politicians from the CDU and the SPD continue to review. Ex-labour Minister Norbert Blüm from Nahles proposed minimum-pension level of at least 46 per cent is not sufficient. “The pension must be higher than the base backup, otherwise, the System loses its legitimacy. A level of 46 percent is not enough,” said the 81-year-old CDU politician of the editors ‘ network, Germany.

“Frau Nahles asks the right question, but your answer doesn’t convince me”, said Blüm and called for more honesty: “The young have to pay more, everything else would be a lie.” Blüm has also warned to make the pension policy issue in the Federal election of 2017: “Every year, a pension discussion is poison for the trust in the pension.” Blüm was from 1982 to 1998, the labour Minister in the Cabinet of Chancellor Helmut Kohl (CDU). To this day he is brought with the promise of “The pension is safe”.

Blüms direct successor as Minister of labour, Walter Riester (SPD), sees above all the demographic subsidy from tax funds is critical, the Nahles, for the period to 2030 has been proposed. “Whoever is doing today as if the economy and tax revenues continue to grow, is the latest to experience in the next crisis, a rude awakening,” said the 73-Year-old editors ‘ network, Germany.

CSU-Chef Horst Seehofer Nahles called on to clarify in its call for a Freezing of pension levels at 46 percent, the question of financing. “You can Finance a stable level of pensions only in the form of higher contributions or with more money from the Federal budget. Who wants to do that, you must confess to color”, said the Bavarian Minister-President of the Passauer Neue Presse.

Mecklenburg-Vorpommern’s Prime Minister Erwin selle ring (SPD), criticized the time for the complete alignment of the East to the West pensions. “It is a disappointment that the pension alignment should be moved to the end of 2025,” he told the the Schweriner Volkszeitung. In the coalition agreement had been assured to reach full alignment by 2020. The responsibility for the delay, but quite clearly, the Union said Sellering.

Nahles presented on Friday its long-term pension concept. In it she asks, among other things, that the level of today, approximately 48 percent should not fall below 46 percent. The level of pensions represents the ratio of the standard pension for a year to the average earnings of the contributor in the same year.


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