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White Paper

The German Pension System

February 2012
Mayer Brown White Paper

Established more than 100 years ago the German Pension System – often perceived as an old-fashioned dinosaur – has been subject to a number of reforms to make it fit for the challenges of the future.

Old-age pensions in the Federal Republic of Germany, Europe’s largest economic force with a population of over 80 million people, are still financed by a system established in the 19th century. However, this system, which has provided old-age prosperity for generations of Germans, has undergone massive restructuring measures in the last decade in order to build a strong, sustainable basis for secure retirement.
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