Chapter

Private Pensions as Partial Substitute for Public Pensions in Germany

Gordon L. Clark

in Pension Security in the 21st Century

Published in print November 2003 | ISBN: 9780199261765
Published online August 2004 | e-ISBN: 9780191601248 | DOI: http://dx.doi.org/10.1093/0199261768.003.0006
 Private Pensions as Partial Substitute for Public Pensions in Germany

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This chapter explores pension reform in Germany. It begins with a brief overview of the institutional structure of the system of old age protection. Recent pension debates are discussed, and the major elements and effects of the 2001 pension reform are analysed. Pension reform has created a trend towards reducing the benefit level in social insurance. The issue of making private pensions mandatory is expected to be included in the political agenda.

Keywords: Germany; pension reform; private pension; public pension; pension policy

Chapter.  10436 words.  Illustrated.

Subjects: Financial Markets

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