What the pension is really worth – economics

Once a year, more than 30 million insured people receive a letter from the pension insurance (“Your pension information”). Future retirees should not throw this letter carelessly into the waste paper. It not only states how much or how little pension they can expect later, but also the sentence: The amounts determined for the future pension are “but not in their purchasing power due to the increase in the cost of living and the associated devaluation of money (inflation). comparable to today’s income of this amount (loss of purchasing power)”.

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