German Pension System Under Fire for Low Returns After Decades of Contributions

A recent inquiry reveals that average earners must work over 45 years to receive a modest monthly pension of 1,500 euros.

An inquiry by Left Party MP Sören Pellmann highlights that average earners need to contribute for 45 years to receive a 1,500 euro pension.
The German Social Ministry's data shows that many retirees face low pensions despite long contribution periods.
Critics argue that the current pension system fails to provide adequate financial security for retirees.
Pellmann calls for a 10% increase in all pensions and mandatory contributions from all income earners, including politicians and civil servants.
The Social Ministry maintains that pension levels do not directly indicate poverty, as other income sources are not considered.