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Money Bundestag decides on basic pension

16:06  02 july  2020
16:06  02 july  2020 Source:   filmstarts.de

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The Bundestag has passed the so-called basic pension, which is intended to improve small pensions for around 1.3 million people. This means that the law can now also be dealt with by the Federal Council on Friday and enter into force if approved on January 1, 2021.

Eine Grundrente könnte verabschiedet werden. © Photo: picture alliance / dpa A basic pension could be passed.

The Bundestag decided the basic pension with the votes of the coalition factions of the Union and SPD against the votes of the AfD and the FDP, with the Greens and the Left abstaining. Social Minister Hubertus Heil (SPD) called the basic pension a central political reform project of the federal government in the Bundestag debate. It is not alms.

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Pensioners with small earnings must have paid contributions for at least 33 years if they want to get a supplement. Until recently there has been criticism in the Union of financing the annual costs estimated at 1.3 to 1.6 billion euros. Finance Minister Olaf Scholz (SPD) wanted to use a financial transaction tax for this. But it is not in sight. Now the money comes from the federal budget.


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