February 2019

19Feb

Munich Re closes longevity swap deal with Lafarge pension scheme

German reinsurer Munich Re has completed a longevity swap deal with the Trustee of Lafarge UK Pension Plan, the UK pension scheme of French industrial company Lafarge. The arrangement is intended to reduce the Plan’s exposure to longevity risk, which arises when pensioners live longer than expected and thus claim more money on their retirement plans. Lafarge identified longevity risk as the largest individual risk in its plan due to its focus on defined benefit (DB) schemes, which pay...

February 19, 2019
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January 2019

19Jan

The Effect of Self-Employment on Income Inequality

By Stefan Schneck (Institut für Mittelstandsforschung (IfM) Bonn) It is well known that the self-employed are over-represented at the bottom as well as the top of the income distribution. This paper shifts the focus from the income situation of the self-employed to the distributive effects of a change in self-employment rates. With representative German data and unconditional quantile regression analysis we show that an increase in the proportion of self-employed individuals in the labor force increases income polarization by tearing...

January 19, 2019
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August 2018

30Aug

Germany. German coalition agrees upon measures to stabilize pensions

Labor Minister Hubertus Heil told ZDF television Wednesday that the measures agreed upon late Tuesday would bring "stability and security" for retirees by keeping pensions at 48 percent of a retiree's average working salary until 2025. Other measures include reducing employees' contributions to unemployment insurance by 0.5 percentage points to 2.5 percent of an employee's salary. Chancellor Angela Merkel's junior coalition partner, the Social Democrats, had hoped to stabilize pensions until 2040, but Heil said he was satisfied with the compromise,...

August 30, 2018
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28Aug

Germany: Merkel’s government argues about future pensions

German Chancellor Angela Merkel’s government is arguing about pensions, with Merkel’s center-left coalition partners pressing for a guarantee that they will remain stable until 2040. The coalition of Merkel’s conservative Union bloc and the center-left Social Democrats agreed when it took office earlier this year to ensure pensions remain at the current level of 48 percent of average wages through 2025. The Social Democrats are struggling in polls and looking to woo left-leaning voters. Finance Minister Olaf Scholz, a Social Democrat,...

August 28, 2018
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July 2018

09Jul

Pension Plans in Germany: Market Sales in Germany

From Editorial DataGroup Europe The Pension Plans Germany eBook provides 14 years Historic and Forecast data on the market for each of the 5 Products and Markets covered. The Products and Markets covered (Pension Plans) are classified by the Major Products and then further defined and analysed by each subsidiary Product or Market Sector. In addition full Financial Data (188 items: Historic and Forecast Balance Sheet, Financial Margins and Ratios) Data is provided, as well as Industry Data (59 items)...

July 9, 2018
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June 2018

16Jun

Third Party Administration of Insurance & Pension Revenues in Germany: Product Revenues in Germany

By Editorial DataGroup Europe The Third Party Administration of Insurance & Pension Revenues Germany eBook provides 14 years Historic and Forecast data on the market for each of the 22 Products / Services covered. The Products / Services covered (Third party administration of insurance & pension Lines) are classified by the 5-Digit NAICS Product Codes and each Product and Services is then further defined and analysed by each 6 to 10-Digit NAICS Product Codes. In addition full Financial Data (188...

June 16, 2018
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March 2018

08Mar

Old-age Labor Force Participation in Germany: What Explains the Trend Reversal among Older Men? And What the Steady Increase among Women?

By Axel Börsch-Supan, Irene Ferrari The aim of this paper is to illustrate for Germany the factors that may explain the U-shaped pattern of older men’s labor force participation - from a long declining trend that began in the early 1970s to an increasing trend starting from the late 1990s - and at the same time the steady increase in older women’s labor force participation. In a first step, we provide graphical evidence of the trends of various variables which...

March 8, 2018
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December 2017

30Dec

Welfare State Reforms Seen from Below: Comparing Public Attitudes and Organized Interests in Britain and Germany

By Bernhard Ebbinghaus,‎ Elias Naumann Studying the political economy of welfare state reform, this edited collection focuses on the role of public opinion and organized interests in respect to policy change. It highlights that welfare states are hard pressed to reform in order to cope with ongoing socio-economic and demographic challenges. While public opinion is commonly seen to oppose welfare cuts and organized interests such as trade unions have tended to defend acquired social rights, this book shows that there...

December 30, 2017
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October 2017

24Oct

About 100,000 Greeks Receive their Pensions from the German State

100,000 Greek citizens are receiving their pensions from the German state, wrote German newspaper Rheinische Post. Rentenversicherung data shows that the number of Greek pensioners eligible for a German pension has more than doubled since 1990, the year of German reunification, to 1.76 million people, from 780,000. That amounts to 7% of all pensions in Germany. Almost one million pensions are being payed by the German Pensions Desk to pensioners from countries such as Italy (373,000); Spain (226,000); Greece (100,000); France (87,000), and Turkey...

October 24, 2017
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June 2017

08Jun

Germany. Merkel’s SPD Rivals Make Election Pledge to Keep Pensions Stable

BERLIN (Reuters) - Germany's Social Democrats (SPD) unveiled plans on Wednesday to keep pensions stable and cap contributions in an effort to win over voters in a September election and unseat conservative Chancellor Angela Merkel who is seeking a fourth term. The center-left SPD, junior party in Merkel's current right-left coalition, hopes its pension plans will help put the issue of social justice at the heart of the election, though it has not weighed very heavily so far among voters. The...

June 8, 2017
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