Siemens-Energy supervisory board member Veronika Grimm expects dramatically rising social contributions. Grimm told the Bild that someone born in the year 2000 would face a 50 percent contribution burden if the current legal situation continues. According to Grimm, the total social security contribution could rise to as much as 55 percent of the gross salary over an entire working life.
The affected contributions include those for pension, health, long-term care, and unemployment insurance, which are jointly paid by employers and employees. For employees, this would mean significant additional costs: for a gross salary of 3,000 Euros, it would be approximately 191 Euros extra per month compared to the current level, and for 4,800 Euros gross, it would be around 305 Euros.
Grimm warned that the system is heading into an unsustainable dimension. She argued that politics must dampen the increase in contributions through reforms in the social security systems. However, this would be uncomfortable because it would lead to the removal of benefits, such as the retirement age of 63.
