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
Old age and the study of diseases that afflict the elderly is called geriatrics. The elderly also face other social issues around retirement, loneliness, and ageism. Old age is not a definite biological stage, as the chronological age denoted as "old age" varies culturally and historically. In 2011, the United Nations proposed a human rights convention that would specifically protect older persons. Definitions of old age include official definitions, sub-group definitions, and four dimensions as follows. Old age comprises "the later part of life; the period of life after youth and middle age . . ., usually with reference to deterioration". At