Pensions in Germany forgo a percentage of their state pension. 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
Time orders Old Age to destroy Beauty hangs. Time orders Old Age to destroy Beauty Time orders Old Age to destroy Beauty is a 1746 allegorical oil on canvas painting by the Italian artist Pompeo Batoni. It was commissioned from him by Bartolomeo Talenti, a collector from Lucca, as a pendant for "La lascivia", now in the Hermitage Museum. It shows personifications of Time as an old man with a scythe, Old Age as an old woman and Beauty as a young woman. It came into the collection of the Russian count Nikolai Alexandrovich Kushelev-Bezborodko, before being acquired in 1961 by the National Gallery, London where it