The Greens want to use the capital market in the future to generate more funds for the statutory pension. This is evident from a draft of the election program, as reported by the “Süddeutsche Zeitung” (Monday edition) in part.
In this, the Greens propose a so-called “citizen’s fund”. It will be fed by loans and federal own funds and will significantly contribute to making the old-age security system more just and sustainable.
With their proposal, the Greens are behind the FDP’s concept of the generational capital, but they give it an ecological and social twist. The fund will consider sustainability criteria and be aligned with the 1.5-degree goal of the Paris climate agreement.
With the returns, the Greens want to “strengthen low and medium pensions”, which will particularly benefit women and people in eastern Germany. The Greens will particularly distance themselves from the SPD with their “citizen’s fund”, as the SPD will also make the pension a campaign issue.
Just like the Social Democrats, the Greens in their election program draft speak out for stabilizing the pension level at 48% of the average working income. They also hold fast to the pension at 67, but want to create more incentives for older people to continue working beyond the regular retirement age.
Furthermore, the party wants to reform the part-time retirement and speaks out for including parliamentary representatives and future civil servants in the statutory pension. The Greens also want to include self-employed individuals who are not otherwise secured under fair conditions. The party speaks of the concept as the “first step on the way to a citizens’ insurance”.