Die EU erwägt, Gelder von Ländern einzubehalten, die ihre Rentensysteme nicht reparieren
https://www.politico.eu/article/eu-funds-pension-systems-budget-legal-protests
Von HironTheDisscusser
Die EU erwägt, Gelder von Ländern einzubehalten, die ihre Rentensysteme nicht reparieren
https://www.politico.eu/article/eu-funds-pension-systems-budget-legal-protests
Von HironTheDisscusser
35 Kommentare
> The European Commission is considering tying pension reform to cash payouts from the EU’s next €2 trillion budget as it attempts to protect member countries‘ finances from a looming demographic crisis.
>Three EU senior officials told POLITICO that the EU executive’s economic and finance legislative arms are looking into buttressing countries’ creaking state pension systems by recommending retirement savings policies to individual countries.
>If EU capitals ignore these country-specific recommendations, or CSRs, then they might not get their full share of the EU’s seven-year budget from 2028.
While financial populism is indeed a growing issue, I still feel this ignores the underlying problem – the unsustainable demographics. Europeans have been pretending for decades now that a below-replacement-rate birth rate will one day fix itself. Instead, it is becoming worse and worse.
We can only deal with ageing to a certain extent but human population cannot age indefinitely. At one point, the burden on the vanishingly small share of young people will become too heavy and the society will collapse. This means an all-out collapse, not just the welfare system or the economy.
We have also seen that immigration does very little to patch these holes *and* brings a whole set of new problems along. Furthermore, Europe’s birth numbers are worsening to an extent (entire EU now has less births than the USA, despite having 100+ million more people) that we would need migrants in very high numbers to even nominally cover the gap. Also, migrants also age, so this immigration need would also exponentially grow, ballooning all the related issues by several magnitudes.
The simple truth at the end of the day is – our populations will *not* survive long-term with a below-replacement-rate birth rate. The previous generations have been lying to themselves and to us about this.
Finally! Many countries will oppose that because there are many pensioners out there, but it has to be done so that EU (or rather, European prosperity) has some chance to survive in next 50 years.
Okay, how? You can either raise the age border of pension to the sky which will obviously cause discontent as a lot of people, espacially men just wont live until pension
OR
You can demand people investing into their own pension while paying for the elders pension simultaneously, which will just milk the already stretched thin working population even more dry, which will also cause a huge wave of discontent, rightfully so. You might do this gradually, but still.
I do not think people in general realize how long it takes to shift from pay as you go tax funded systems to more private market styled pensions.
Denmark began over 30 years ago. There are mandatory job related private pension plans. 14-20% of wages are now going to a private pension plan.
And yet these private pensions only contribute 24% to pensioners. 60% still relies solely on tax funded state pensions.
For sure over time private pension dependency for income will increase, but from the Danes real life experience this takes many decades to implement. It was only feasible because Unions and Employer Organisations voluntarily agreed to this model and stipulated it in Colective Agreements.
which helps absolutely nothing when it comes with demographic crisis.
In Poland corrupt government keeps introducing new limits to new construction in order to limit acces to new appartments, deepening existing crisis. How does EU stop them ? It does not.
… Is there a country in EU that has a functioning pension system?
ils ont le droit de forcer la libéralisation de tous les systemes? ca veut dire que la banque et les assurances ont la main sur nos démocraties à travers l europe. c est completement fou.
Why does everyone forget that our PRODUCTIVITY skyrocketed in the last 10 years, and It’s not even comparable to what we had in the 60s or 70s.
1 persons work can feed a lot more mouths, and we’re just getting started at real automations.
The real problem is, which we all suffer, is the distribution of our resources.
No; dont just tax the rich – make laws that incentivizes wage growth for the bottom line.
Might actually be a good idea of sorts.
I think the domestic politicians know that these systems aren’t sustainable and need reform. But the reforms are unpopular and pensioners are a large demographic for votes. This way they can conveniently hide behind the EU and say: ‚I don’t want to do it either, but we have to!‘.
It will make EU less popular than it already is though.
So three „EU senior officials“ who spoke on condition of anonymity means „EU considers…“
Right.
I feel like pro-billionaire Politico is putting out there their weekly „your socialism in the EU is gonna crash“ clickbait to fulfill their neoliberal agenda.
Between my birth and now, my country’s GDP doubled. **Doubled**. The population size didn’t. However, the richer 1% wealth skyrocketed while the general population has been stagnating since 2008.
The issue isn’t pensions.
But go on, keep pushing for everyone to work two jobs, on Sunday, and until 80 years old, and watch the fertility rate crash as a result of general burnout.
The neocon doxa has reached ridiculous levels of pseudoscience, divorce from reality. „The patient isn’t improving? We should bleed them further then“
We need more austerity. That always works! /s
-Do that
-Popularity of Anti EU party in France skyrocket
-They win the 2027 election
-EU collapse
Lol.
France is a net contributor, not sure the EU wants to go that route with a populist French government. Road to French suspending payment to EU in retaliation, and then what?
Even though retirement system is indeed bankrupt
That’ll make them more popular
this is actually the best idea i have heard so far. The reason: NO country will ever fix it because decision taking against the eldery is political suicide.
Blaming EU (like is done always anyway) won’t destroy local majorities.
Do it please!
Ah yes, another brilliant idea by our un-elected leaders.
The chinese are wrong, EU will collapse before 2050
You mean like the governments paying back what they „borrowed“ from pension funds?
guess we wont see any EU funds ever again
This is funny, because the most problematic pension system is also the 2nd net contributor to the EU, so maybe the EU can GTFO
Yes. Please. Our Ponzi-scheme of a pension system needs to go. Not tomorrow, not today, not yesterday, but 50 years ago.
This is political suicide, it will never work. Even if this was a strong enough incentive for a political party in power to perform Harakiri, another party would promise to undo it, win by a landslide, and then undo it.
What will happen (at least in Spain) is that none of this will be fixed until the system collapses catastrophically and there is no way around it.
Time to fix Finland’s pension system.
I don’t think it would be fair for some EU countries have a retirement age of 70 having to pay money to countries that have a retirement age of 65 or even less. Even that 70 is unsustainable in those countries because there are too many existing retirees (or going to be in the next couple of years) getting too high pensions.
Can someone more economically literate than me explain like i I’m 5 why govenments use the wealth of the current generation to pay pensions to the last one? Wouldn’t be safer to take those taxes and invest them in a low risk environment, to multiply their value over the worker’s lifetime to assure a RoI when it’s time to retire?
Good luck fixing Poland’s pension system. We have the following:
Retirement ages for men and women are 60 and 65 respectively.
Certain professions allow for early retirement, such as the police and coal miners (IIRC).
Our farmers have a separate retirement fund (KRUS) from the rest of us.
Still waiting for the EU to consider taxing the rich and big corporations.
Where do “EU” get their money from?
The fair solution here would be to fuck the current pensioners, who paid very little and get more money than current workers. But that’d mean lising the next election, so better fuck current workers I guess
They should at least fix the systems to a build a % by year system. Germany has a point system, the Netherlands a percentage per year and the Czech Republic a „work here 35 years minimal or screw you“.
Me, now on the last one pays into a “ screw you“ system which I can’t escape and will not see a cent from.
That is a retarded EU thing they should fix.
Hell yeah, i love austerity. Gonna die on the job because we really need those billionaires to rack up more profits.
France is paying more than what she gets back. She can stop paying the EU then. We will see who cave first.
Lol France…