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1.3 million pensioners should benefit

The Bundestag has decided on the basic pension that has long been fought over in the grand coalition. As of January 1st, 1.3 million people should benefit from it.

It took a long time, but in the end it was very quick: with the voices of Union and SPD has the Bundestag on Thursday the Basic pension passed. Left and Green MPs abstained. The FDP and the factions voted no AFD.

More than a million retirees are to benefit from this extra pension Pension insurance receive. Retirees with small earnings must have paid contributions for at least 33 years if they want to get a supplement.

Financing was a long issue

The coalitioners had long ago agreed on the introduction of the basic pension. Until recently there has been criticism in the Union of financing the annual costs estimated at 1.3 to 1.6 billion euros. Surprisingly, she still agreed to funding through the federal budget. The SPD had proposed this approach.

Finance minister Olaf Scholz (SPD) originally wanted one Financial transaction tax deploy. But it is not in sight.

The joy of federal ministers of labor should be all the greater Hubertus Heil (SPD). According to him, the introduction of the basic pension makes it clear: “Work in our society makes a difference and that also applies to old-age insurance.”

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