Move pensions to a funded system and make retirement flexible
The FDP wants to move the public pension system to a funded model in the long run, arguing that this is the only way to keep it affordable. The Aktienrente (stock-based pension) should be expanded and sped up for this purpose. In addition, the retirement age should become flexible, following the Swedish model.
The FDP wants to change the pension system. In the long run, pension money should be invested in the capital market. The stock-based pension should grow. People should choose for themselves when to retire. People who work while drawing a pension should be allowed to earn more.
The program justifies the change with demographic shifts: fewer and fewer workers are paying for more and more retirees. The FDP sees the Aktienrente launched at the federal level as only a first step. In its view, a fixed retirement age no longer fits people's varied life plans. A gradual transition into retirement should also become easier by raising the limits on additional earnings, so that part-time work or side jobs do not reduce the pension.
Show the original quote (page 39)
„Deswegen fordern wir eine Flexibilisierung des Renteneintritts nach dem schwedischen Modell.“Translation: That is why we demand a more flexible retirement age based on the Swedish model.
Placement
- Economyclearly more market
The pay-as-you-go pension would be replaced in the long run by a funded system, a fundamental shift toward markets and private provision.