In Germany there is a constant agitation against the pay-as-you-go pension system. Now a stock pension as a funded pension has been introduced. This was decided because the pay-as-you-go pension system supposedly no longer works. But on closer inspection one can see that the pay-as-you-go pension system continues to work perfectly.
Contribution rate has been reduced repeatedly
In Germany there is a constant agitation against the pay-as-you-go pension system. Now a stock pension as a funded pension has been introduced. This was decided because the pay-as-you-go pension system supposedly no longer works. But on closer inspection one can see that the pay-as-you-go pension system continues to work perfectly.
| Year | Contribution Rate / % |
|---|---|
| 2000: | 19,3 |
| 2001 - 2002: | 19,1 |
| 2003 - 2006: | 19,5 |
| 2007 - 2011: | 19,9 |
| 2012: | 19,6 |
| 2013 - 2014: | 18,9 |
| 2015 - 2017: | 18,7 |
| 2018: | 18,6 |
With exceptions the contribution rate has been falling since 1999. And since 2011 the contribution rate has only been falling. This deliberately slew down the income of the pension insurance. This amounts to sabotage of the pension insurance. [1]
Federal Subsidy
In addition to contribution income the pension insurance receives a subsidy from the federal budget. And in addition to pensions for pension insurance contributions the pension insurance also pays so-called non-insurance benefits. This includes for example orphans' pensions, widows' pensions, disability pensions and credit for child-rearing periods. These are claims that are based on no or only partial payments into the pension insurance. But since these are tasks for society as a whole these benefits are legitimate.
| Jahr | Zuschuss / Mrd. Euro |
|---|---|
| 2000 | 49,771 |
| 2005 | 61.638 |
| 2010 | 64.880 |
| 2015 | 67.698 |
| 2020 | 80.544 |
| 2021 | 83.926 |
| 2022 | 86.215 |
The amount of federal subsidies is stable. The federal subsidy does increase in the long term but this is to be expected as overall economic output also increases in the long term. As a share of GDP the federal subsidy is constant. And as a share of the federal budget the federal subsidy is even decreasing. But this share of federal subsidies in the federal budget should be viewed with caution as the federal budget is also subject to completely different rules and aims. [2] [3] [4]
[2] [3] [4]In addition non-insurance benefits amounted to 112 billion euros in 2020. The federal subsidy however only amounted to 80 billion euros. This means that the pension insurance has raised 32 billion euros for non-insurance benefits. Assuming that this dynamic also applies to the other years the pension insurance covers more than the original expenditure. [5]
Annual Balance
Overall the annual balance of the pension insurance is well balanced. This also makes sense despite an ageing society. The explanation for this is that labor productivity exceeds the ageing of society. The working part of society therefore generates greater economic value even if its population share decreases. [6]
| Jahr | Einnahmen / Mrd. Euro | Ausgaben / Mrd. Euro | Bilanz / Mrd. Euro |
|---|---|---|---|
| 2000 | 215.6 | 214.0 | 1.6 |
| 2005 | 231.7 | 235.6 | -3.9 |
| 2010 | 251.3 | 249.2 | 2.1 |
| 2015 | 276.2 | 277.8 | -1.6 |
| 2020 | 334.4 | 338.3 | -3.9 |
The well balanced balance sheet is all the more impressive as the contribution income and thus the income of the pension insurance have been reduced. In addition the pension insurance also takes on non-insurance benefits. [1] [5]
Conclusion
It is as the pension insurance president Gundula Rossbach sayd. The pay-as-you-go pension system also works inspite of an ageing society and when non-insurance benefits are paid from it as well. [7]
Src:[1] Beitragssätze zur Rentenversicherung 1955 - 2023 und bis 2030
https://www.sozialpolitik-aktuell.de/files/sozialpolitik-aktuell/_Politikfelder/Alter-Rente/Datensammlung/PDF-Dateien/abbVIII43a.pdf
[2] Bundeszuschüsse an die Rentenversicherung 2023-07-28
https://www.bundesamtsozialesicherung.de/de/themen/rentenversicherung/finanzierung/
[2] Bundeszuschüsse an die Rentenversicherung 2023-07-28
https://www.bundesamtsozialesicherung.de/fileadmin/redaktion/Rentenversicherung/Finanzierung/Bundeszuschuesse2022.pdf
[3] Bruttoinlandsprodukt (BIP) in Deutschland von 1950 bis 2023 2024-05-24
https://de.statista.com/statistik/daten/studie/4878/umfrage/bruttoinlandsprodukt-von-deutschland-seit-dem-jahr-1950/
[4] Ausgaben des Bundes (nur Kernhaushalt) in Deutschland von 1969 bis 2023 2024-02-29
https://de.statista.com/statistik/daten/studie/157795/umfrage/entwicklung-der-ausgaben-des-bundes-seit-1969/
[5] Experten üben Kritik - Bericht: Bund plündert die Rentenversicherung 2024-05-26
https://www.t-online.de/nachrichten/deutschland/innenpolitik/id_100413844/rente-bund-soll-laut-einem-bericht-die-rentenversicherung-pluendern.html
[6] Einnahmen und Ausgaben der gesetzlichen Rentenversicherung (GRV) 2022-12-20
https://www.bpb.de/kurz-knapp/zahlen-und-fakten/soziale-situation-in-deutschland/61857/einnahmen-und-ausgaben-der-gesetzlichen-rentenversicherung-grv/
[7] Rentenversicherungspräsidentin Roßbach: „Die Rente ist verlässlich“ 2023-03-07
https://www.merkur.de/wirtschaft/rente-versicherung-deutschland-rossbach-interview-sicherheit-ausblick-92126352.html
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