Pensions in Germany Pensions in Germany Pensions in Germany are based on a “three pillar system”. The scheme is based on the pay-as-you-go (or redistributive) model. Funds paid in by contributors (employees and employers) are not saved (or invested) but are used to pay current pension obligations. Civil servants in Germany do not pay any contributions themselves but their salaries are correspondingly lower than those in the private sector. Recent changes to the system mean that from 2012 to 2023 the retirement age will go up to 66 by 2023. From 2023 the retirement age will be increased by two months each year,
Francis Herbert Stead trade union activities. Stead's interest in the problems of old-age led to a Browning Hall conference on pensions in December 1898, out of which arose the National Committee of Organised Labour (NECL), which worked to encourage the introduction of old-age pensions funded from general taxation - a campaign won with the passing of the Old-Age Pensions Act 1908. Stead worked with Frederick Rogers for a decade, writing pamphlets and books, lobbying parliament and religious leaders, and travelling the length of the country to speak for the cause. Stead died at Blackheath on 14 January 1928. Francis Herbert Stead Frances Herbert