German regional ministers relaunch push for auto-enrolment
Ministers in the German federal state of Hesse have relaunched a drive for the introduction of auto-enrolment to boost private pension saving.
A resolution to support their idea was brought to the upper chamber of parliament, the Bundesrat, at the end of March. It was promptly assigned to various of the upper chamber’s committees, which have postponed debating the proposal. IPE understands this is normal procedure.
Under the Hessian ministers’ proposal, employees would be automatically signed up for a private pension unless they were sufficiently covered by a workplace pension or opted out of the private scheme.
Read More: Kaplan Herald
