CDA Federal Conference: Merz guarantees: “No cuts in statutory pensions” | EUROtoday

Chancellor Friedrich Merz (CDU) has reiterated his name for strengthening non-public pension provision, however on the similar time has dominated out any reductions in statutory pensions. “With us there will be no cuts in statutory pensions,” stated the CDU politician on the federal convention of the Christian Democratic Workers’ Association (CDA) in Marburg, Hesse. “Our goal is and remains a strong and solidarity-based Germany, including when it comes to pension provision.”

At the start of final week, the Chancellor precipitated outrage amongst others amongst his coalition companion SPD with a press release about statutory pension insurance coverage. “The statutory pension insurance alone will only be the basic insurance for old age,” he stated. “It will no longer be enough to secure living standards.”

In Marburg he now stated that for him the statutory pension provision would stay the premise for the pension system, which he didn’t wish to prohibit. “By the way, that was always clear, it was also clear during the election campaign, although the SPD tried to tell a different story during the election campaign.”

Merz confirms: Greater emphasis on non-public provision

However, one ought to now not simply speak about holding traces for the statutory pension, however relatively should take all three pillars of pension provision – statutory, firm and personal – into consideration and put them in a brand new relationship with each other. “We need to place greater emphasis on capital market-backed pension systems so that employees in Germany also have the opportunity to participate in the overall wealth development of our economy.”

After the Chancellor’s earlier assertion, CDA boss Dennis Radtke additionally warned towards uncertainty amongst residents. “We have to stop scaring people,” stated the top of the Union’s social wing to the editorial community Germany (RND). Radtke will converse on the CDA congress within the afternoon.