Tag #Pension Costs

How does Saxony-Anhalt's pension fund structure contribute to the current fiscal challenge, and what are the potential long-term consequences of this structure?

The projected increase in pension costs necessitates fiscal adjustments. Saxony-Anhalt has established a pension fund, but its use is delayed until 2041, requiring full budgetary funding until then. The auditing office suggests reducing personnel targets in line with demographic trends and restricting civil service appointments to essential roles, citing cost savings from employing teachers and other non-essential personnel as non-pensioned employees.",