Gleitender Übergang in die Rente durch Flexibilisierung der Teilrente (Gradual Transition to Retirement with Flexible Partial Retirement)

32 Pages Posted: 1 Mar 2012 Last revised: 27 Mar 2012

See all articles by Martin Gasche

Martin Gasche

University of Mannheim - Mannheim Research Institute for the Economics of Aging (MEA)

Carla Krolage

ifo Institute

Date Written: June 1, 2011

Abstract

Against the background of the increasing legal retirement age, broader opportunities for a smooth transition to retirement are often demanded for elderly workers who are disinclined or unable to continue working full-time. This study compares different options for a transition to retirement. It becomes evident that from an insurant’s point of view, the far more popular option for early retirement called 'Altersteilzeit' has no significant advantages in comparison to the barely known partial retirement (Teilrente). The biggest disadvantages of partial retirement are the three fixed pension levels (Teilrentenstufen) and the intricate calculation of supplementary income limits. Abolishing fixed pension levels might make partial retirement and earning supplementary income significantly more attractive, possibly superseding the Altersteilzeit option. Our proposed flexible partial retirement (flexible Teilrente) is compared to the Federal Ministry of Labor and Social Affair’s proposition called 'Kombirente.'

Note: Downloadable document is in German.

Keywords: partial retirement, part time work for older employees, transition to retirement, pension reforms, supplementary income limit

JEL Classification: H55

Suggested Citation

Gasche, Martin and Krolage, Carla, Gleitender Übergang in die Rente durch Flexibilisierung der Teilrente (Gradual Transition to Retirement with Flexible Partial Retirement) (June 1, 2011). MEA Discussion Paper No. 243-11, Available at SSRN: https://ssrn.com/abstract=2006439 or http://dx.doi.org/10.2139/ssrn.2006439

Martin Gasche (Contact Author)

University of Mannheim - Mannheim Research Institute for the Economics of Aging (MEA) ( email )

D-68131 Mannheim
Germany

Carla Krolage

ifo Institute ( email )

Poschinger Str. 5
Munich, 01069
Germany

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