Germany's Bundesrat, or upper house of parliament, soundly rejected the Schröder government's bill aimed at shoring up the country's ailing pay-as-you-go pension system.
While the opposition Christian Democratic Union (CDU) rejection was expected, experts believe the prospect of a pension reform accord is still very good with passage likely by April. The Bundes...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
