PdF on pensions

The PdF wants to add a capital-funded component to the statutory pension system. Returns from capital markets are meant to pay for part of pension benefits and make the system less dependent on rising contributions.

The PdF wants to invest part of the pension money. The profits should help pay for pensions. This way, contributions should rise less. The money should be spread widely and invested for a long time.

Today, workers' contributions pay directly for current pensions, a pay-as-you-go system. The platform proposes financing part of pensions through investments alongside it. Market swings are to be limited through diversification and a long-term investment strategy. The new component is meant to supplement the existing system, not replace it.

The PdF wants to expand workplace and private retirement provision. It plans larger tax advantages, government subsidies, and a mandatory workplace pension model so that more employees receive an occupational pension.

The PdF wants more people to save for old age themselves. There should be tax benefits for this. The state should also give extra money. A workplace pension should become mandatory. That is a pension through the employer.

Tax advantages would grow for employees and employers who pay into workplace pensions. A mandatory workplace pension model is meant to help small and medium-sized businesses in particular. Subsidies and tax incentives are meant to encourage saving during working life. According to the platform, this makes retirees more financially independent and relieves the public pension funds.

The PdF wants all citizens to pay into the statutory pension system, including the self-employed and freelancers. This is meant to reduce old-age poverty and give the pension system a broader financial base.

The PdF wants everyone to pay into the public pension. This includes self-employed people. Many of them save too little for old age. Fewer people should be poor in old age. The pension fund would then get more money.

The platform points to studies showing that many self-employed people and freelancers do not save enough privately. A single system covering all forms of work is meant to be fairer and bring in more revenue. In addition, pension contributions could only be used for pension payments. Contribution levels would follow the economy, productivity, and demographic change. Retirees with small pensions would get more relief, for example through a higher tax allowance.