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2h ago

Merz Tells Germans to Expect Higher Social Costs, Backs Mandatory Private Pension Saving

He described the statutory system as secure through 2031, urging a far‑reaching overhaul this term to tackle rising long‑term pressures.

Merz kündigt höhere Ausgaben für Rente und Pflege an, fordert mehr private Vorsorge.

Overview

  • In an ARD interview, Chancellor Friedrich Merz said households will have to devote more of their disposable income to pensions, health care and long‑term care.
  • Merz voiced personal support for a mandatory contribution into a capital‑funded private pension and promoted stronger company and private provisions.
  • He rejected a rigid hike in the retirement age beyond 67, while saying longer working is not taboo and proposing benefits be better aligned with years of contributions.
  • Merz stated the pension system faces no major financing problems until 2031, with stability expected through unchanged contribution rates and a modestly higher federal subsidy.
  • The Sozialverband Deutschland warned against shifting costs onto low‑income people or cutting benefits, urging that large fortunes not remain untouched.