Economic expert for limited non-wage labor costs

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The chair of the German Council of Economic Experts, Lars Feld, has questioned the planned basic pension. The reason is that the social security contributions, also known as non-wage labor costs, “should not exceed the 40 percent mark.” In the long run, the basic pension would require social security at 1.5 to 2 billion Euros annually.

Feld also said he advocated a link between working life and life expectancy. This would mean that after 2030, people might have to work longer than to the age of 67.

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