Overview

• The SPD-led draft was presented to the cabinet to broaden access to employer pensions, aiming to lift coverage from about 52 percent of workers.
• Opt-out enrollment would be eased so contributions flow automatically unless employees actively decline.
• Rules for Pensionskassen would be made more flexible, allowing higher-risk saving options in pursuit of potentially higher returns.
• The bill estimates around €155 million in annual fiscal cost from enhanced tax support for company pensions.
• SMEs could use simplified works agreements and an expanded social-partner model, with parliamentary review to follow if the cabinet gives its consent.