Germany adopts the Greek model in incentives for working pensioners

Germany seems to beryllium following…Greece‘s illustration successful taxing moving radical pensioners.

The measure, a run committedness by Murch, is estimated to person a fiscal outgo of €890 cardinal and is expected to travel into effect from aboriginal January.

The FT notes that Germany is not the archetypal state to instrumentality specified initiatives, noting that successful Greece the fig of registered moving pensioners has risen from 35,000 successful 2023 to much than 250,000 now.

Recall that previously, moving pensioners automatically mislaid 30% of their pension (the Katrougalos instrumentality adjacent provided for the retention of 60%). Thanks to the betterment 2 years ago, they person their pension successful afloat and simply person 10% of their wage withheld arsenic a contributory assets for the EFKA. In fact, done their enactment they tin summation their pension, arsenic they widen their status age.

In this way, an important portion of the labour marketplace has been ‘whitened’, arsenic the deductions antecedently imposed were driving the immense bulk of moving pensioners into ‘black’ employment, with nary different benefit.

Do it (again) similar Greece

It should beryllium noted that this is not the archetypal “similarity” betwixt the German government’s programme and the reforms made successful Greece implicit the past six years.

The Merz authorities has placed a beardown accent connected digitizing the state, mounting up a new, abstracted ministry. The conjugation government’s programmatic statement successful Berlin besides provides for, among different things, physics signaling of moving hours, reminiscent of the integer enactment card, and nary taxation connected overtime surcharges, thing that is being implemented successful Greece.