German Labor Federation Leader Urges Long-Term Stabilization of Pension Level
The head of the German Labor Federation, Yasmin Fahimi, has called for the permanent stabilization of the pension level at 48 percent for all future generations. In an interview with the Rheinische Post, Fahimi emphasized the urgency of the matter, stating that the current arrangement, which is set to expire on July 1, would lead to uncertainty and irritation among pensioners and those approaching retirement.
Fahimi, who spoke to the Rheinische Post on Wednesday, urged the coalition committee to adopt a long-term solution, rather than a short-term fix. She argued that the aging of the population must be financially borne by all, not just by those paying contributions. To achieve this, the federation leader suggested increasing the tax contribution to the pension insurance and having the wealthy contribute more to the rising tax revenues.
The coalition committee, comprising representatives of the Union and the Social Democratic Party, is set to deliberate on the matter, including the stabilization of the pension level, starting on Wednesday afternoon.