By Luigi Serenelli2021-05-10T14:05:00+01:00
Hubertus Heil, the German minister of labour and social affairs, has made a plea to social partners to use the new defined contribution (DC) type of schemes for occupational pensions.
“I call on social partners: use this model, it is good for all,” the minister said speaking at a virtual annual conference organized by the occupational pension association Aba.
The minister stressed how important it was to sign the first agreement based on the social partner pension model between the union Ver.di and Talanx.
“This is the right way to optimally organize a supplementary [form of] pension”, he said. The point is now how to finance capital-funded old age provisions with the employees that are not required to sign up for occupational pensions.