Rather than making this a 10-minute discussion....lets just cut to the basic isssue.
German law now.....says retirement occurs at age 67 (where you get full pension).
The problems (2)?
First....the pension program is not fully funded.
Second....commerce seems convinced that there are labor shortages approaching.
The pitch? The gov't would like to eventually raise the retirement age to 70....by year 2092.
It's hard to find any Germans (working-class) who buy into this. Most want to retire around age 62/63....most will tell you that their company frowns on employees over age 60 currently....most will tell you that even retiring at 67 currently---seems to get you a marginal pension not worth talking about. Then you bring up the 2092 chatter, and they start laughing.
If you wonder why no one takes politicians serious.....this is a big reason.
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