Federal Audit Office warns of increasing payments to pension insurance by 2040

According to the Federal Audit Office, increasing payments to pension insurance are putting increasing strain on the federal budget. According to current law, the federal government will probably have to transfer 36.7 percent of all federal tax revenue to the pension fund in 2040, as auditors warned in a report to the Bundestag's budget committee. The rate is currently around 29 percent.

With the planned new pension reform package, the additional financial requirements of the pension insurance could even rise to almost 46 percent of tax revenue.

This article will continue to be updated.