Verdi chief Frank Werneke has sharply criticized the decisions reached by the Pension Commission. He maintains that mandatory occupational pension schemes are necessary to ensure a comprehensive provision that guarantees a sustainable standard of living for everyone.
Speaking to newspapers from the Funke media group, Werneke pointed out that the pension security commission failed to incorporate the unions’ demands. Instead of structural change, the commission only provisioned a dialogue between social partners aimed at strengthening existing company pensions. The union leader stated emphatically that this approach is insufficient, warning that the lack of decisive action could even lead to setbacks in the area of company pension provision.
Furthermore, Werneke expressed concern that employers might withdraw from financing company pensions, justifying the reduction based on costs. The announced introduction of capital funding, supported by parity financing, within the first pillar of the pension insurance is also expected to generate significant public debate.
