Germany's Pension Gap: Former Minister Habeck Earns Seven Times Average Pension
In Germany, the disparity between the pensions of former ministers and ordinary citizens is stark. While the average pensioner receives a mere 48% of the average income, former ministers like Robert Habeck enjoy significantly higher pensions.
Habeck, a former federal minister, receives around 4,990 euros per month from his ministerial service alone. Additionally, he gets about 2,259 euros per month from his time as a state parliament member, totaling approximately 7,250 euros monthly. This is nearly seven times the average old-age pension in Germany, which is less than one-fifth of Habeck's pension.
The pension system also offers transition allowances to former ministers. Habeck benefits from this, further boosting his pension income. In contrast, around one in five German pensioners struggles with less than 500 euros per month. Even an average earner, after paying into the pension system for 45 years, would receive only around 1,835 euros gross per month in old age. To reach Habeck's pension amount, an average earner would need to pay into the system for approximately 169 years.
The pension gap in Germany is evident, with former ministers like Habeck enjoying substantial pensions while many ordinary citizens face financial hardship in retirement. Addressing this disparity is a pressing issue for policymakers.
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