Backing out of private pension provision - Lessons from Germany
Autor(en):
Ziegelmeyer, Michael; Nick, Julius
Abstract:
Financing pensions in the EU is a challenge. Many EU countries introduced private pension schemes to compensate declining public pension levels due to reforms made necessary by demographic change. In 2001, Germany introduced the Riester pension. Ten years after introduction the prevalence rate of this voluntary private pension scheme approximates 37