Prognosis
Germany Unveils Pension Package With €200 Billion Fund Goal
- Lindner, Heil present proposals at news conference in Berlin
- Coalition wants to retool current system for aging population
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Germany’s ruling coalition published plans to secure state pension financing over the longer term, including establishing a fund for investing in stocks worth at least €200 billion ($217 billion) by the middle of the next decade.
That asset hoard, which will be administered by an independent public foundation, will be backed by loans taken on by the federal government, as well as the proceeds from the sale of state holdings, according to the finance ministry in Berlin.