"Unequal" pensions legislation lands Germany in Court of Justice

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GERMANY - The European Commission has referred Germany to the European Court of Justice for failing to heed a formal request to amend some "unequal" pensions legislation.

The dispute concerns the Altersvorsorgezulage or “Riester-Rente” legislation. Under Riester- Rente, a pecuniary advantage is given to encourage individuals to make their own capital-based provis...

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