\n FRANKFURT\/ESCHBORN (dpa-AFX) – Stephan Leithner, CEO of Deutsche B\u00f6rse, is calling urgently for a fundamental reform of Germany’s pension system. “We can no longer stand by while ever-increasing billions from the federal budget must be deployed to plug the holes in the pension fund,” Leithner said in an interview with Deutsche Presse-Agentur and the financial news agency dpa-AFX.<\/p>\n
It is clear, he noted, that the statutory pension will remain as one of the three pillars of retirement provision. “However, capital-market-based occupational and private pensions must play a significantly stronger role.”<\/p>\n
The federal government has already taken important steps with the “Early Start Pension” (Fr\u00fchstart-Rente) and the retirement savings account, a state-standardized securities account. He expressed confidence that the pension commission would build on this to deliver the next major breakthrough.<\/p>\n
Regarding the Early Start Pension, under which children from the age of six are to receive ten euros per month from the state for a securities account, Leithner advocates for a significant initial boost via a lump sum: “It would make sense to launch the Early Start Pension with 4,000 euros at the birth of a child, primarily to leverage the compound interest effect.” Furthermore, Leithner is convinced that occupational pension schemes should be included in “every employment contract.”<\/p>\n
Chancellor Friedrich Merz (CDU) has announced that the federal government intends to initiate a rebalancing of the three pillars – statutory, private, and occupational pensions – before the end of this year. The pension commission established by the CDU\/CSU and SPD is expected to submit reform proposals by mid-year.\/als\/ben\/zb\/DP\/zb<\/p>\n","protected":false},"excerpt":{"rendered":"FRANKFURT\/ESCHBORN (dpa-AFX) – Stephan Leithner, CEO of Deutsche B\u00f6rse, is calling urgently for a fundamental reform of Germany’s…\n","protected":false},"author":2,"featured_media":4123,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,246,220,111,139,69,244,245],"class_list":{"0":"post-360287","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-markets","11":"tag-new-zealand","12":"tag-newzealand","13":"tag-nz","14":"tag-personal-finance","15":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/360287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=360287"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/360287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/4123"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=360287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=360287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=360287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}