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,
Pensions in the Republic of Ireland but a slim majority of 53% acknowledge the fiscal need to raise the eligibility age. More changes to the qualifications for the Contributory State Pension are expected to be rolled out in 2020. These changes are being implemented to shift more future pensioners over to Contributory State Pensions in an attempt to reduce the fiscal impact of the pension system. Currently 19% of pensioners are on Non-Contributory State Pensions and spending on these pensions makes up 16 % of the budget. These changes will not affect those currently on Non Contributory Pensions. Pensions in the Republic of Ireland Compared to