German Bundestag, September 27, 2024, Plenarprotokoll 20/189, pp. 24585-24586.
Frau President. Dear colleagues. Honorable citizens.
In the Middle Ages, it was common to attempt to heal the
sick by draining them of blood by the liter – the sicker, the more and the more
often. That, for most, did not turn out well. At some time, one became smarter and abandoned that. Gott sei Dank!
Yet the Federal government still today thinks of stabilizing the statutory pension by operating on one artery after another. I do not now speak by way of exception of non-insurance benefits, but of the irregular and multiple cutting of the Federal added subsidy within three years until 2027 of a total 10 billion euros. These lopped-off billions will not be invested in, for example, a Generations Capital, but they are simply gone, disappeared into the depths of the Federal government’s budget holes – money which is lacking for the Pension Insurance.
And thus these cuts lead to that the Pension Insurance’s reserves empty much earlier, and for that the contribution increases earlier and further than planned. The German Pension Insurance Union figures into the reckoning contribution rates of 22.4 percent up to 2040. It is not mentioned that it remains there. The basic reason for that is the limit line for the pension level, which was called up by the SPD only so long as to maintain the shaky construction until the Ampel is history, and a new government of shambles may sweep up.
In this situation, the government tinkers with a so-called Generations Capital at the pump – beyond the debt brake and with the corresponding subsequent costs. The Federal Audit Authority has calculated that the yield from this Generations Capital can bring by 2039 a relief of the contribution of, believe it or not, 0.4 percentage points, if at all. The German Pension Insurance is rightly concerned that this more likely may not come; which is to say, contribution payments to the account for that will also be ordered. With an authentically funded support for old age insurance, as in, for example, Finland, Canada, Japan or Sweden, this Generations Capital has nothing to do.
Ja, but why then is it done? Because Herr Scholz has so decided and Herr Lindner so far does not contradict,
Hermann Gröhe
(CDU/CSU): Where is he, actually?
even when this does not suit colleague Vogel. And precisely that, I do not understand. His colleague Mordhorst said quite openly – cite: “The SPD lies in the face of pensioners and workers.” The Federal Budget Authority expresses it somewhat more finely and figures the added expenditures for the pension package until 2045 at, believe it or not, 507 billion euros, paid by the young people and those yet to be born.
Markus
Kurth (Greens): But distributed over 20 years!
It is now well established that these generations will not at the outset receive from the pension account what they may pay in; in any event, that the increasing contribution for each employee will soon amount to nearly a year’s vacation. The question is whether these generations can then still at all afford a vacation.
All of that, dear colleagues, needs not be. It is possible to stabilize the pension system, long-term and prudently. I am thus glad to here today bring in our motion [Drucksache 20/11847] with the title “For a Secure Pension for Our Children”, which does precisely that: Secures the pension long-term, and in fact quite without new debts.
That will be possible by means of a goal-oriented savings plan for which the state pays in monthly 100 euros for every child of a German citizen, born here and living here permanently up to the age of 18. What is gathered there shall then be administered by a community foundation [Gemenschaftsstiftung]. As a result of the long time period and the compound interest effect, it is possible, with a very reasonable commitment, to save up real wealth specific to a person. We are speaking here of a total 21,600 euros per child, stretched as was said over 18 years. That yields, with a return on capital of four percent, around 214,000 euros. Dear colleagues, that is a generations capital – sensible, feasible and affordable.
Many thanks.
[trans:tem]
