The German Association of Actuaries (DAV) and the Institute of Actuarial Experts (IVS) have hailed the recommendations made by the country’s Pension Security Commission as a “significant step” toward creating a sustainable retirement system but called for “greater clarity”.
In response to the proposals, the two organisations said further clarity was needed on the overall pension target, stronger support for occupational pensions, and an effective and efficient design of the proposed funded pension scheme




