Riester reform promises unlikely to be kept

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GERMANY - Inherent promises made in the Riester reform - maintaining the standard pension replacement at levels above 67% and preventing the contribution rate from exceeding 20% until 2020 and 22% until 2030 - are unlikely to be kept.

A new study entitled “The economic implications of ageing societies: The cost of living happily ever after,” said that the provision to adjust benefits automatically on the basis of the demographic...

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