Consumers praise proposed changes to the planned replacement of Germany's Rinder pension reform.
Consumer associations in Germany are endorsing recent modifications announced for a new state-sponsored retirement savings scheme designed to replace private pensions like Riester-Rente, which is set to be abolished starting March 24th as part of broader fiscal reforms aimed at reducing public debt and stimulating the economy through tax incentives rather than direct subsidies.
Key Points
-
1The Bundestag has approved a reform to replace the Riester pension scheme with new state subsidies for private retirement savings.
-
2Millions of Germans are expected to receive up to 540 Euro in annual government contributions under this replacement plan, making it more attractive than before.
Developments
Perspectives
The Bundestag has decided on a reform of private pension savings to replace the Riester-Rent, with plans for millions of Germans in their 50s and early retirement age.
— (Mar 28) Neue Altersvorsorge ersetzt Riester-Rente: So erhalten Millionen Deutsche (Fr.de)The Bundestag has decided on a reform to make private pension savings more attractive, introducing plans for the successor of the Riester-pension as part of coalition policy.
— (Mar 27) Private Altersvorsorge wird attraktiver / BundesregierungA new form of state subsidy is being introduced where millions will receive up to €540 from the government, replacing previous pension schemes like the Riester-Rent with a successor plan decided by parliament.
— (Mar 28) Neue Altersvorsorge ersetzt Riester-Rente: So erhalten Millionen Deutsche (Fr.de)The Bundestag has passed legislation establishing that private savings will be more attractive in future, marking an end to the previous model of state subsidies for pension planning known as 'Riester'.
— (Mar 27) Rentenreform / TagesschauParliament decided on a reform where millions can receive up to €540 from the government under new rules, effectively replacing the Riister-Rent with its successor.
— (Mar 28/13:29) Neue Altersvorsorge ersetzt Riester / Fr.de