Whereas the pilot negotiations between the IG Metall union and employers concerning the funding of grdual retirement beyond 2009 are at a standstill, the IG Metall presented, on July 9, 2008, a new "Generation Contract." It is a five-point plan which proposes a radical shake-up of the way pensions are funded, with the introduction of compulsory corporate pension. It is almost like a political program for the coming electoral period. (Ref. 080582)
“Defending the public pension insurance system is not enough anymore to ensure a pension level above poverty line for all” said Hans-Jürgen Urban, member of the IG Metall’s board, when he presented the new “Generation Contract” – the IG Metall’s new political agenda concerning pensions. He thinks that the successive reforms of these past few years are drastically cutting pensioners’ resources down. “If Germany wants to keep a sustainable retirement insurance system, it is not enough to extend t
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