Policy Document

Act to Secure a Sustainable Funding Base for the Public Pension Scheme (from 1945-1990: West Germany)

Year

2004

Country

Germany

Topic

Work & Retirement

Subtopic

Activation Policies 50+

Keywords

Ageing society Ageing workforce Employment opportunities Employment policy Length of working life Older workers Work in old age

Main implications

The age limit to receive an early retirement pension because of unemployment or following part-time work was raised to 63 years of age.

Benefits & Requirements

Coverage: Eligible groups or beneficiaries

Unemployed persons or persons on part-time contracts who are aged 63 and older.

Implementing Text & Related Legislation

Original name of the legal document/act (native language)

Gesetz zur Sicherung der nachhaltigen Finanzierungsgrundlage der gesetzlichen Rentenversicherung (RV-Nachhaltigkeitsgesetz)

Date of passage/approval

21^st July 2004

Date of signature

26^th July 2004

Date of publication

1^st August 2004

Are the effects retroactive?

Actors

Federal Government (Coalition of Social Democratic Party (SPD)) and Alliance 90/The Greens; Chancellor Gerhard Schröder (SPD);
President Horst Köhler; Chancellor Gerhard Schröder; Minister of Health and Social Security Ulla Schmidt

Read the Law

Original full text source in native language

BGBl. I 2004: 1791

Original full text web source in native language

http://www.bgbl.de/xaver/bgbl/start.xav

Secondary Literature & Sources

Secondary literature

Frerichs, F. "Demografischer Wandel und Arbeitsmarktpolitik für ältere Arbeitnehmer/innen: Das Vereinigte Königreich, Japan und Deutschland im Wohlfahrtsstaatsvergleich". Dortmunder Beiträge zur Sozial- und Gesellschaftspolitik 59. LIT Verlag, Münster (2009).