Old-age pension : the SPD wants to increase pensions for low-wage earners by up to 447 euros

The SPD wants to increase the pension for low earners of up to 447 euros. This provides for the concept presented by the Federal Minister of labour, Hubertus Heil, the Grand coalition agreed on the basic pension. It is a multi-billion dollar program that will increase for three to four million former low-wage earners the pension on a monthly basis.

SPD-Deputy Manuela Schwesig the project in an interview with the daily mirror reiterated: "It is not that people who work hard, in old age, as if they had never worked." That on the other side, Daimler-Chef Dieter Zetsche 4250 Euro bond of the day a lot of people would get "indecent. Not because they are jealous. But, because the ratio of the income of those no longer true, the work hard and diligently."

Union and SPD had agreed in its coalition contract, that the basic pension is to guarantee a pension above the basic protection. You want to get, who can have at least 35 years of contribution payment, children's education or care activity. Salvation said that he expected annual cost in the amount of a mid-single-digit billion amount. Would 75 percent of women will benefit from the new basic pension.

The entitlement to the basic pension, outlined Minister healing as follows: "Who only minimum wage earns, receives the highest appreciation of 447 euros. But also the pensions of low-wage earners, which is slightly above the minimum wage, we want to rate higher,“ said Heil. He announced: "The basic pension shall, not later than 1. January 2021.“ You will not only apply to New pensioners, but also for the existing pensioners.

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The trade unions reacted positively to the concept presented. "Anyone who has worked for a lifetime, children educated, or members of well-groomed, must have age more than the basic security," said DGB Board member Annelie colorful Bach. "The proposal of the Federal Minister of labour, salvation is an important contribution to this goal and to avoid poverty in old age."

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The First Chairman of IG Metall, Jörg Hofmann, said in a message: "this is opposed to the social scandal that decades-long performance to pensions above the basic protection. These proposals are a good step against increasing poverty in old age.“