Economic expert for limited non-wage labor costs

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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