I essayed a piece about a week ago over the new 'Basic Pension' and how the timeline is that it'll start up on 1 January 2021. You can go back to that essay and note the particulars of the deal.
In this essay, I'll chat over the chief problem with the schedule, and it goes to a N-TV news update this morning.
So the people who run the Deutsche Rentenversicherung (the German Social Security program) stood up and said something which really wasn't a shock. They say the scheduled date for the new pension deal....is faulty and can never be reached with the manpower and assets existing at present. Their prediction? They need two years to prepare for this....so it'd be closer to the end of 2021.
The organization even sent a letter to the Minister of Labor (Heil, SPD Party) to say that is the only realistic schedule possible.
In this letter, they hint very strongly that several thousand new positions are required within the agency, with the acquisition of a new building or rental space (in urban areas of each state)....to fill the operation required.
Even the technical knowledge to fulfill the obligation.....it's not there currently, and it'd require months to acquire.
The chief problem here? If you go and read through all the material about the wonder 'Basic Pension'.....it requires a test of every single retired guy/gal, and if they fit into the profile.....to get the extra Euro. In some cases.....you could be talking about a couple who currently get 950 Euro, and if they fit the test correctly....they'd be getting almost another 1,000 Euro.
Are the bureaucrats correct? Unfortunately, yes.
What happened here is that the SPD and CDU folks created a massive paperwork 'monster' that requires a financial wiz full view of a retired guy, his assets, his past, and then fit the profile to allow him/her the extra money. I could see a guy spending a minimum of two man-hours on just one single person. Challenges to the system? That's going to involve more man-hours.
Shouldn't this have been a simpler plan? You can argue that point, but it's too late now to suggest that.
My prediction? The schedule will be readjusted to October 2021....right around election time, and the bonus will be added to sweeten the delay.....all that money that theses people should have collected from January to September....put into one single check in October....giving them each potentially up to 9,000 Euro on one single day (max).
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