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,
1999 Latvian pensions referendum 1999 Latvian pensions referendum A referendum on state pensions was held in Latvia on 13 November 1999. A bill amending the state pension law had been passed by the Saeima on 5 August. It proposed equalising the retirement age of 60 for men and 57.5 for women at 62 by 2006, as well as beginning to withhold pensions from pensioners earning more than double the state pension the following year and withholding payments to all pensioners earning an income by 2005. Voters were asked "are you for or against the repeal of the Amendments in the Law on State Pensions