German government prepares Aktienrente bill
The statutory equity pension is an ‘integral part’ of the work of the current coalition government, says FDP’s Vogel
The German government is working on a draft law to reform the first pillar scheme with the statutory equity pension model, or Aktienrente, to be finalised in the next few weeks, said Johannes Vogel, deputy chair of the Free Democratic Party (FDP) and member of the parliamentary committee on labour and social affairs, in an interview with T-Online.de.
The government, supported by the so-called traffic-light coalition formed by the Social Democratic Party (SPD), FDP and Greens, plans to put in place the statutory equity pension this year, Vogel added in the interview.
The cabinet is currently working to design a model like the Aktienrente, as it has been stipulated in the coalition agreement, that “will be implemented in detail [..] I’m currently waiting for the government’s proposal for this”, he said.
Questions emerged recently on the government’s plan for the Aktienrente after finance minister Christian Lindner, of the FDP, presented a draft budget for 2022 but without mentioning the €10bn financing to kickstart a public fund investing in equities globally, a pillar of the reform towards the statutory equity pension model.
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