Overview

• The SPD advocates for abolishing the demographic factor to allow higher pension increases, despite concerns over funding sustainability.
• The FDP pushes for a partially privatized 'stock-based pension' system to introduce more capital funding into retirement plans.
• The CDU/CSU proposes tax incentives for older workers and a 'childhood savings pension' to encourage early private retirement savings.
• A report highlights that many Germans face significant pension gaps, with women disproportionately affected due to lower savings rates.
• Financial experts recommend early investment in global index funds to mitigate long-term retirement shortfalls, emphasizing the importance of private savings.