Financial Times, Dec 19th 2000, p.10
The deal for the reform of the German state pension system agreed between the government and the unions has four main elements. The level of state pensions will be gradually reduced from 70% of average net wages to 67% in 2030. At the same time contributions to the state scheme will not rise above 22% of gross wages until 2030, compared with the current 19.3%. Plans also include the introduction of supplementary private pensions from 2002 and the reinforcement of company or sectoral schemes.
H. Simonian and R. Atkins
Financial Times, Dec 18th 2000, p.6
Reports revised proposals for the reform of the German pension system, under which many pensioners will receive more from the state scheme than originally planned until 2030. The government had previously proposed introducing a "compensating" system that would have cut state pension levels for those retiring from 2011.
Families in Society, vol.81, 2000, p.568-575
Article considers two broad social trends that determine public policy responses to the needs of the elderly: shifting fertility patterns and labour force participation for women. The implications of these trends for income security in old age are considered, followed by recommendations for new approaches to family policy in the US.