Germany: government does not want to make private pension savings obligatory

Press review from 4 to 10 March 2006. The German press commented this week on the government's annual report on retirement pensions and on the announcement of a series of measures aimed at encouraging "old" workers (55-64) to remain in activity. (Ref. 06234)
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Most German newspapers insisted on the call launched by Franz Müntefering, German Minister for Work and social Affairs, exhorting Germans to make the most efforts possible in order to constitute a private pension-savings account. According to the Berliner Zeitung, the social democrat minister was more “frank” that his famous predecessor, Norbert Blüm (CDU), who kept saying every day that: “retirements pensions are safe”.

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