Hans Joachim Reinke
Little more than two-thirds see need for private pension insurance Dusseldorf, November 2009 more than every second German citizens expects a trial of Deutsche Bank according to a high pension.” This writes the specialist service issued by the Dusseldorf entrepreneur Mario Ohoven success in its November issue and relates to a survey by the German bank 3000 German citizens between 18 and 55 years. Therefore many respondents did not know that they can expect only 40 percent of their last salary as a primary care in the age.” Because still, Norbert Blums, the pension is safe “-Credo in German households that sounds like? Remarkable as the sheets that specify more than 40 percent of the Germans, they had heard of pension adjustments and the actual long-term reduction of pension rights be.” A recent Forsa study on behalf of the Fund Union investment also shows that awareness of the need for additional retirement savings, declined against the background of the current Economic crisis. While in the third quarter, 2008 75 percent of investors saw the need to deal with, with the possibilities of private pension schemes are a year later only 68 percent. It is also striking that especially the young generation at retirement holds back. Just 60 per cent of the population aged 20 to 29 years old deal intensively with the topic. Especially the young generation could no longer rely on the basic care in the form of the statutory pension insurance. Also the pension Atlas published this year showed that generation contracts of the University of Freiburg on behalf of Union investment research centre has created.
Experts currently increasingly indicate that the system of pensions in Germany works when investors correctly opportunities available to them care of basic and supplementary pension. Investors may not withdraw so and should continue to pay-as-you-go and funded pension forms combine”, called Hans Joachim Reinke, Member of the Board of Directors of Union asset management holding AG. After all, already over 50 percent of economically active citizens through additional private pension plans provide adequately for the age. But vary the estimates of the amount of pension income. So an average earner around 30,000 euros pays gross annual income currently around 27 years contributions to the Pension Fund, to achieve at least a pension to the level of social welfare in the age”, analyzes the magazine of Ohovens, who is also President of the Association of SMEs (BVMW). Main reason for the decline in the benefits from the pension insurance is the demographic development, which means that fewer and fewer contributors have to finance more and more retirees.” “And: himself who in addition privately has made to the statutory basic supply pension, should take into account, that the inflation will have great impact on the purchasing power in the future.” For most U.S.
citizens the Riester pension and occupational pensions are good ways according to the study by Union investment currently, to increase their income at the age. The Government-sponsored Riester-rente remains the best-known form of retirement with 90 percent, well ahead of the so-called Rurup-rente (19 percent) and occupational pensions (13 percent). But 41 percent of the respondents (44 percent of women and 38 percent of men) have contracted only Riester.