
From January, the retirement savings account will replace the state-funded Riester pension. Experts and consumer advocates are convinced, but there are many unanswered questions.
AI-generated summary
From January, the retirement savings account will replace the previous state-funded Riester pension.
Munich. “Game changer, giant step, great success”: a federal government reform rarely enjoys such attributions.
But the retirement savings account, which will replace the state-funded Riester pension from January, is associated with great expectations and has achieved something that rarely happens: consumer advocates, representatives of the financial industry and politicians are equally convinced of the new, subsidized private pension.
But what exactly will happen to the approximately 50 million employees, civil servants, freelancers and self-employed people who can open retirement savings accounts? How will we be able to save for old age in the future? What will become of the Riester pension? Where can interested parties find the best offers for them? These are just a few of the questions that the new subsidized pension raises.
To find answers, Handelsblatt spoke to experts from the financial sector, pension experts and consumer advocates.
AI outlook — possibilities, not facts
Introduction of the retirement savings account in January
Very likely · Within months

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