In a pre-election pledge, SPD leader Lars Klingbeil has outlined swift measures to stabilize the pension system. “By July 1, 2025, the guaranteed pension level will expire” Klingbeil told the Funke Media Group’s Wednesday editions. We must act, or the pension system will collapse for millions of retirees” he emphasized.
As the Social Democratic Party, we will, in the first 100 days of a new government, legally set the pension level at 48 percent, so that all those who have worked hard throughout their lives can rely on it” Klingbeil stated. The same applies to the rent brake, which urgently needs to be extended, to prevent exploding rents.
The SPD had already agreed with the Greens and the Free Democratic Party in the coalition agreement of the traffic light coalition to secure the “minimum pension level of 48 percent” in the long term. However, a corresponding decision did not come to pass in the end.