Studies of Economic Change

Measure 5: Basic income replaces retirement and unemployment pays

Description:

The basic income for the retired and elderly people plus private pensions replaces the intergenerational contract - unemployment pays are also replaced by the basic income

Goals:

1. Considering the demographic development resp. the aging population
2. Simplification and reduction of bureaucracy

Conflicts:

1. Private care versus public caretaking obligations
2. Risk of mismanagement and deceit by private financial services

Realisation:

1. Deduction of 66% of the retirement pays in favour of the basic income
2. Future retirement pays are totally replaced by the basic income

Problems:

1. Right of continuance of consisting retirement claims
2. The constitution allows establishing monetary clauses